Recent work | July 2, 2021

Roschier advised Telia in the EUR 722 million sale of part of its tower business in Norway and Finland

Telia Company has sold 49 percent of its tower business in Finland and Norway to Brookfield and Alecta, for approximately EUR 722 million on a cash and debt free basis. Roschier advised Telia in the transaction.

Subject to customary regulatory approvals, the closing is of the transaction is expected take place in the fourth quarter of 2021. In connection with the closing of the transaction, Telia Company will enter into an anchor tenant agreement with Telia Towers in Finland and Norway for an initial period of 8 years, extended automatically with two extension terms of 5 years each.

Brookfield and Alecta are two of the largest owners and operators of real assets in their respective regions. Combined, they have more than USD 600 billion of assets under management, a relevant global data infrastructure platform and deep ties to the Nordic region.

Telia Company connects businesses, individuals, families and communities via fixed and mobile communication solutions. With its share listed on Nasdaq Stockholm and Nasdaq Helsinki, Telia has approximately 490,000 shareholders and a presence in Denmark, Estonia, Finland, Latvia, Lithuania, Norway and Sweden.

Roschier’s core advisory team comprised Jouni Salmi, Valentin Golovanov, Johannes Strang, Ami Paanajärvi, Wiljami Siitonen, Andreas Bussman and Mika Ohtonen.