Telia Company’s divestment of Telia Carrier complete
Telia Company has completed the divestment of its subsidiary Telia Carrier to Polhem Infra as all conditions, including regulatory approvals, have been met.
On October 6, 2020, Telia Company announced the divestment of its subsidiary Telia Carrier to Polhem Infra, at an enterprise value of SEK 9,450 million. As part of the transaction, Telia Company has entered a long-term partnership with Carrier to continue to bring customers world-leading connectivity and mobile network solutions.
Ellex lawyers in the Baltics consulted the seller on all issues pertaining to the transaction and preparation for it. In this project, Ellex acted as a local legal adviser in cooperation with MANNHEIMER SWARTLING Sweden.
The value of the sold business is EUR 915 million (SEK 9.450 billion).
As the President and CEO of the Telia Company Allison Kirkby says that this transaction allows Telia to focus on providing digital services that enable better-connected lives across the Nordics and Baltics. At the same time, the client will continue to work with Telia Carrier and their world-leading networks and solutions through a new, long-term strategic partnership.
Within the partnership, Polhem Infra is committed to driving investment in Telia Carrier’s network, services and customer care programs, and the two companies will continue to leverage each other’s capabilities to meet the demands of both the Nordics and the Baltics – as well as global customers.
Telia is represented by Dr. Jaunius Gumbis, partner, Tomas Kamblevičius, associate partner, and Ieva Krivickaitė, associate (Lithuania), Reinis Sokolovs, senior associate, and Raimonds Slaidins, senior partner (Latvia), and Alla Kuznetsova, attorney, and Risto Vahimets, partner (Estonia).