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Wireless

Telia to sell 49% of Norwegian, Finnish towers to Brookfield and Alecta for EUR 722 million

Wednesday 30 June 2021 | 09:58 CET | News
Telia Company has announced an agreement for Brookfield's core infrastructure fund and Alecta jointly to acquire 49 percent of its tower business in Finland and Norway. The total cash proceeds to Telia for the 49 percent stake is EUR 722 million and these will be retained to enable deleveraging. The transaction covers 4,700 towers with total revenue of EUR 88 million and EBITDA of EUR 56 million in 2020.

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Categories: Mobile & Wireless
Companies: Telia
Countries: Finland / Norway
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