Telia Company Results Presentation Deck
TOWER TRANSACTION SUMMARY
17
RATIONAL
TRANSACTION
DETAILS
TIME LINE
Transaction fully in line with plans from the Investor Brief in January
Crystalizing infrastructure value
Bringing in operational excellence from experienced partner
Brookfield and Alecta acquired 49% of Telia Company's tower business in Finland and Norway
The price for the 49% equals a full enterprise value of EUR 1,524
The EV corresponds to an EV/EBITDA of 27x 2020
Total cash proceeds to Telia Company amounts to EUR 722 million
Net debt to EBITDA for Telia Company including tower proceeds 2.07x
The transaction involves 4,700 number of towers with total revenues of EUR 88m and EBITDA
of EUR 56m in 2020 (post leasing)
Impact on Telia Company operational free cash flow will be marginal
The transaction is expected to close in the fourth quarter of 2021 and is subject to regulatory
approvalView entire presentation