Telia Company this week announced that it has completed the divestment of 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 ($USD1.1 billion).
The change of ownership will enable Telia Carrier, with its 530 employees, to drive a level of investment in network development, services and customer care programs that brings benefits to content providers, operators and enterprises beyond that of any competitor.
Polhem Infra is jointly owned by three Swedish National Pension Funds and strives to lay the best possible foundation for long-term investments in infrastructure - to meet society’s long-term needs. Telia Carrier and Telia Company now enter a long-term partnership to continue to bring customers world-leading solutions.
Staffan Göjeryd, CEO, Telia Carrier
We are truly excited to continue to provide our customers with an customer experience and business value as a standalone company. Our journey to expand our network and service portfolio, including build-outs in several key regions in the US, will accelerate under the ownership of Polhem Infra.
Telia Company President and CEO Allison Kirkby
The benefits of our combined strengths enable Telia to continue to work with and develop our global customers. We look forward to the long-term cooperation to the benefit of both parties and, above all, the customers.
