ACQUISITIONS AND DISPOSALS

In 2016, agreements involving subsidiaries were made as follows. For further information on business combinations, see Note C33 and discontinued operations and assets classified as held for sale, see Note C34 to the consolidated financial statements.

Signing/Closing date

Country

Comments

March 1, 2016

Sweden

  • Telia Company acquired all shares in the Swedish company Telecom3 Fibernät i Sverige AB.

April 11, 2016

Nepal

  • Telia Company completed the divestment of its holdings in Ncell in Nepal to Axiata, one of Asia’s largest telecommunication groups. The transaction has been approved by all relevant authorities.

June 21, 2016

Denmark,
Finland,
Latvia,
Lithuania,
Norway,
Sweden

  • Telia Company signed an agreement to divest its 100 percent holding in Sergel (credit management services and debt purchase business) to Marginalen at an enterprise value of SEK 2.1 billion. The transaction is conditional on relevant regulatory approvals including the Swedish Financial Supervisory Authority as well as Competition Authorities.

July 1, 2016

Sweden

  • Telia Company acquired a business consisting of fiber networks from Comne Work AB.

September 7, 2016

Tajikistan

  • Telia Company signed an agreement to sell its 60 percent holding in Central Asian Telecommunications Development B.V., which controls CJSC “Indigo Tajikistan” (Tcell), to the Aga Khan Fund for Economic Development (AKFED). AKFED is currently the minority owner in Central Asian Telecommunications Development B.V. with a 40 percent holding. The transaction price for Tcell is based on an enterprise value of USD 66 million, of which Telia Company’s 60 percent share corresponds to USD 39 million. The transaction is subject to regulatory approvals in Tajikistan and is not yet closed.

October 5, 2016

Spain

  • Telia Company completed the divestment of its holding in Yoigo in Spain to Masmovil, a Spanish telecommunications operator. The transaction has been approved by all relevant authorities.

November 7, 2016

Norway

  • Telia Company signed an agreement to acquire Norwegian Phonero at an enterprise value of NOK 2,300 million on a cash and debt free basis. The acquisition is subject to approval from the Norwegian competition authorities.

December 30, 2016

Estonia

  • Telia Company acquired a minor business from the Estonian company AK Süsteemid OÜ, consisting of IT Hosting and Workplace management solutions.