October 7, 2020 - Assignment

Telia sells Telia Carrier to Polhem Infra

Telia Company has on 5 October 2020 reached an agreement with Polhem Infra regarding the sale of Telia Company's international carrier business, Carrier, for a value of SEK 9,450 million on a cash and debt free basis. At the same time, Telia Company enters a long-term strategic partnership with Carrier. Carrier holds the top position in the global ranking of companies with Internet backbone networks. Its network spans across Europe, North America, and Asia, connecting customers in more than 120 countries.

The transaction is subject to regulatory approvals (relating to e.g. competition and foreign direct investments) in, inter alia, the EU and the US.

Telia Company was represented by Mannheimer Swartling in the transaction.