Telia Company’s divestment of Telia Carrier completed
Via Telia Company
Jun 1, 2021
Telia Company has today completed the divestment of its subsidiary Telia Carrier to Polhem Infra as all conditions, including regulatory approvals, have been met.
On October 6, 2020, Telia Company announced the divestment of its subsidiary Telia Carrier to Polhem Infra, at an enterprise value of SEK 9,450 million. As part of the transaction, Telia Company has entered a long-term partnership with Carrier to continue to bring customers world-leading connectivity and mobile network solutions.
“This transaction highlights and crystallizes the value that we have built in our digital infrastructure,” says Telia Company President and CEO Allison Kirkby. “It will also allow Telia to now truly focus on providing digital services that enable better connected lives across the Nordics and Baltics. At the same time, we will continue to work with Telia Carrier and their world-leading networks and solutions through a new, long-term strategic partnership.”
Within the partnership, Polhem Infra is committed to driving investment in Telia Carrier’s network, services and customer care programs, and the two companies will continue to leverage each other’s capabilities to meet the demands of both the Nordics and the Baltics – as well as global customers.
“Carrier operates the world’s number-one global Internet backbone and together we are part of a global ecosystem,” Kirkby says. “The benefits of our combined strengths enable Telia to continue to work with and develop our global customers. We look forward to the long-term cooperation that will benefit both parties and, above all, our customers.”
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