Telia Company Mergers and Acquisitions Presentation Deck
TRANSACTION HIGHLIGHTS
3
Rationale
Target
company
Valuation
Financial
effects
Time table
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The next step in our effort to over time leave Eurasia
51.3% in Azertel Telekommünikasyon Yatrırım Dış Ticaret A.Ş. (Azertel), which owns 100% in
the Azeri mobile operator Azercell Telecom LLC (Azercell)
Fintur Holdings B.V. is selling 51.3% in Azertel for a purchase price of EUR 222 million
(approximately SEK 2.2 billion of which SEK 1.3 billion attributable to Telia Company)
Net cash position of Azertel and Azercell is approximately SEK 2.8 billion (100%)
Purchase price corresponds to an EV of EUR 197 million, which implies an EV/EBITDA of 2.1x
Negative net cash effect for Telia Company of SEK 1.5 billion, leaving the transaction to
increase net debt to EBITDA by an estimated 0.1x
Estimated negative effect on Net income of SEK 3.0 billion, with no material impact on equity
The transaction has been completed today and the proceeds have been delivered to Fintur
Holdings B.V.
Other: Currency fluctuations may impact the final result of the transactionView entire presentation