Telia agrees sale of 49% in Swedish towers
The operator reaches a second deal with Brookfield and Alecta
Following a similar deal in Norway and Finland, Nordic operator, Telia has agreed the sale of a 49% stake in its Swedish tower business to infrastructure investor, Brookfield, and pension fund, Alecta. Brookfield and Alecta will acquire the stake for 5.5bn crowns (c. €225mn) equating to an enterprise valuation of 11.2bn crowns (c. €458mn).
Following in the footsteps of Europe’s other operators looking to unlock the value of their passive infrastructure, Sweden headquartered Telia had first announced it was exploring the potential monetisation of its tower portfolio back in their Q4 2020 results.