Telia Company has entered into a binding term sheet agreeing upon the key terms on which to sell its operations and network assets in Denmark to Norlys at an expected valuation of DKK 6.25 billion
· 100% of Telia’s operations and network assets in Denmark valued at an expected DKK 6.25 billion (~SEK 9.5 billion), on a cash and debt-free basis · Transaction is in line with Telia’s strategy to focus on markets where there is a clear path to securing and defending leading market positions · Telia and Norlys have signed a binding term sheet agreeing on high-level transaction items · Transaction is subject to the parties signing final and binding agreements (expected this summer), approval from Norlys’ owners and customary regulatory approvals, with closing expected in Q1 2024 at
