Swedish telco Telia Company has announced it has sold a 49% stake in its Swedish tower business to Brookfield and Alecta.
Last July, Telia sold a 49% stake in its Norwegian and Finnish business to the Canadian investment fund Brookfield.
Telia will receive SEK 5.5 billion for the transaction.
“We are delivering on our strategy to both develop and crystalize the value of our digital infrastructure, and I am delighted that we have Brookfield and Alecta as our Tower partners in Norway, Finland and now in Swede,” said Allison Kirkby, Telia Company President and CEO.
Separately, it has been reported Brookfield is looking to sell its stake in the French TDF.