Telia next in line to explore monetisation of infrastructure assets
European operator announces the formation of Telia Asset Management to crystallise and grow the value of their infrastructure portfolio
M&A activity in the European tower industry is at an all-time high, with a number of major tower transactions announced in recent months, new deal structures emerging and appetite from a broad base of investors. Speaking in their Q4 results, Telia became the latest European operator to announce plans to realise and enhance the value of its infrastructure portfolio, creating Telia Asset Management which is set to own, manage and secure external investment in its infrastructure assets. TowerXchange examines the operator’s tower portfolio, the monetisation options they have and who may be interested in the assets.
In their Q4 2020 results, Telia’s CEO Allison Kirkby announced the formation of Telia Asset Management, a new business unit which would own and manage select infrastructure assets, and which would look to bring in external investment as the company looks to crystallise the value of its digital infrastructure.