Telia is selling a 49% stake in its Swedish towers to investment firm Brookfield and pension fund Alecta for €526 million. Telia has 3,800 tower sites across Sweden.
 
The two companies acquired a 49% stake in Telia’s towers in Finland and Norway a few weeks ago, having gained the required regulatory approvals at the end of December.
 
Allison Kirkby, Telia Company’s President and CEO, said “Telia has a clear strategy to develop and crystalize its digital infrastructure by joining forces with strategic partners that have a similar long-term view of the value of these assets, and bring unique operating and commercial expertise to Telia.