Telia Company has agreed to increase its ownership in Finnish fibre operator Valokuitunen from 40% to 49%, strengthening its position in the country’s fixed broadband market.
Valokuitunen was formed in 2020 as a joint venture between Telia and CapMan Infra and has since become Finland’s fibre-to-the-home market leader. Its network now reaches more than 400,000 homes across over 100 municipalities through an open-access model that hosts multiple service providers, including Telia.
The transaction is expected to complete in Q2 2026, with Telia paying approximately €30 million in cash for the additional 9% stake.
At the same time, Brookfield Asset Management, through its mid-market infrastructure strategy Brookfield Infrastructure Structured Solutions, will acquire the remaining 51% of Valokuitunen from CapMan Infra.
The move builds on an existing partnership between Telia and Brookfield dating back to 2021 through Telia Towers AB, the holding company for Telia’s tower assets in Sweden, Finland and Norway, which is 51% owned by Telia and 49% by Brookfield and Alecta.
Telia said the increased holding aligns with its strategy to focus on core connectivity and communications services across the Nordic and Baltic regions, while maintaining a balanced investment approach through partnerships.
Patrik Hofbauer, President and CEO of Telia, said the increased stake underlines the company’s long-term commitment to Finland’s digital infrastructure and to further developing Valokuitunen’s nationwide fibre network.
Ian Simes, Managing Partner and Co-Head of Brookfield Infrastructure Structured Solutions, said the investment strengthens Brookfield’s collaboration with Telia in the Nordic digital infrastructure sector and supports Valokuitunen’s continued growth.
