Telia Completes Sale of 49% Stake in Swedish Tower Business
June 01 2022 - 5:04AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish telecommunications operator Telia Co. AB said
Wednesday that it has completed the sale of 49% of its Swedish
tower business to Brookfield Infrastructure Group and Alecta
following the receipt of all regulatory approvals.
The company agreed to the 5.5 billion Swedish kronor ($563.4
million) sale in January.
With the completion of this transaction, as well as the previous
sale of 49% of Telia's Norwegian and Finnish tower business to
Brookfield and Alecta, all of its tower assets are now placed in
Telia Towers AB, a company 51% owned by Telia and 49% by Brookfield
and Alecta.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 01, 2022 04:49 ET (08:49 GMT)
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