Telia Company completes the sale of Telia Latvia to Tet
· Telia Company has completed the sale of 100 percent of the shares in Telia Latvia – a leading B2B telecom services provider – to Tet following an open auction process · Sales price corresponds to an enterprise value of EUR 10.75 million on a cash and debt free basis, representing a FY 2021 EV/EBITDA multiple of 10x · Telia Company remains committed to Latvia with its 49 percent ownership in the fixed network operator Tet and 60.3 percent ownership in the mobile network operator LMT Telia Company has today completed the sale of 100 percent of the shares in Telia Latvija SIA (“