Telia Company completes the sale of a minority stake in its Norwegian and Finnish tower business to Brookfield and Alecta
· Brookfield, investing through its core-infrastructure fund, together with Alecta acquired 49 percent of Telia’s tower businesses in Finland and Norway · Transaction is in line with Telia’s strategy which includes partnering to strengthen the company’s digital infrastructure, while crystalizing asset value · The transaction price corresponds to an enterprise value of EUR 1,524 million for 100 percent of the shares on a cash and debt free basis as of December 31, 2020 · The total cash proceeds paid to Telia on closing for the 49 percent equity stake equals EUR 767 million, which