Telia Company has entered into a final and binding agreement to sell 100 per cent of its operations and network assets in Denmark to Norlys at an enterprise value of DKK 6.25 billion (€0.84bn), on a cash and debt-free basis. The valuation is equivalent to 8.9x Telia Denmark’s 2022 reported EBITDA. Telia said the transaction, […]

Swedish telco Telia Company has entered into a binding term sheet agreeing upon the key terms on which to sell 100 per cent of its operations and network assets in Denmark to Danish energy and telco group, Norlys, at an expected enterprise value of DKK 6.25 billion (€838m), on a cash and debt-free basis. The […]