Telia Company completes the sale of a minority stake in its Swedish tower business to Brookfield and Alecta
· Brookfield, investing through its Super Core-infrastructure fund, together with Alecta, acquires 49 percent of Telia Company’s tower business in Sweden · Transaction is in line with Telia’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 normalized EBITDA 2021 · Total cash proceeds paid to Telia on closing for the 49 percent stake equals SEK 5.5 billion Telia Company