Telia Company Mergers and Acquisitions Presentation Deck
TRANSACTION HIGHLIGHTS
3
Rationale
Target
company
Price and
funding
Financial
effects
Time table
ā
The final big step in our effort to simplify and focus on the Nordic and Baltic region
Ends all disputes and litigations between Telia Company and the other Turkcell Holding owners
Telia Company's ownership in Turkcell Holding
Telia Company divests its 47.1 percent in Turkcell Holding to the state owned Turkey Wealth Fund for
USD 530 million in cash
Turkey Wealth Fund finances the deal through state mandate and loan from L1
The transaction is expected to result in a loss of c. SEK 3 billion for Telia Company before
reclassification of accumulated foreign exchange losses of c. SEK 17 billion to net income (which will
have no material effect on group equity)
Net debt to EBITDA to decrease by 0.16x as per 31 March (2.71x reported end Q1 2020)
Expected closing second half of 2020 subject to regulatory approval as well as the AGM in TurkcellView entire presentation