Swedish telecommunications company Telia Co. has agreed to sell its international carrier business, Telia Carrier, to Polhem Infra for SEK 9.45 billion ($1 billion) on a cash and debt-free basis.
As part of the deal, Telia Co. has entered a long-term strategic partnership with Telia Carrier. Telia Carrier’s network spans Europe, North America and Asia, connecting customers in more than 120 countries, with the Scandinavian footprint being particularly strong through the so-called Scandinavian Ring — the part of Telia Carrier’s network that connects major Baltic and Nordic cities.
The majority of the proceeds from the sale will be used to strengthen Telia Co.’s balance sheet.
“The divestment of Telia Carrier highlights the value Telia has built in its digital infrastructure — and today we are able to crystallize some of that value,” said Allison Kirkby, president and CEO of Telia Co. “As a consequence, we can now fully concentrate on our Nordic and
