Telia Company in agreement to expand Tower partnership with Brookfield and Alecta - notifies intention to propose return of net transaction proceeds to shareholders
· Brookfield, investing through its Super Core-infrastructure fund, together with Alecta, to acquire 49 percent of Telia Company’s tower business in Sweden; expanding the partnership where Brookfield and Alecta have already acquired 49 percent of Telia’s tower business in Finland and Norway · Transaction in line with Telia Company’s digital infrastructure strategy which includes partnering to further develop and crystalize asset value · Transaction price corresponds to an enterprise value for 100 percent of SEK 11,224 million on a cash and debt free basis; the valuation equals 28.2x