Telia Company is disposing of a 49% share in its tower business in Finland and Norway to private equity.
The sale to Brookfield, investing through its core-infrastructure fund, and Alecta will net the Swedish telco €722 million.
“Telia is a clear leader in digital infrastructure, owning the largest tower infrastructure footprint, in the Nordics and the Baltics. We are delighted to enter into a strategic partnership with Brookfield and Alecta, to both crystallize immediate value, and more importantly help Telia better develop its infrastructure base. Both Telia and Brookfield/Alecta have a long-term industrial view on the role of tower infrastructure as a foundation for continued digitalisation of the region,” says Telia Company President and CEO Allison Kirkby.
Telia Company has the largest tower infrastructure footprint in the Nordics and the Baltics, with approximately 25,000 towers and rooftop sites. In Finland and Norway, Telia’s tower business is comprised of approximately 4,700 towers with a total revenue in 2020 of €88 million and an EBITDA of €56 million.
Brookfield and Alecta are two of the largest infrastructure owners in the Nordic region.
