Acquisitions and disposals

Telia Company’s acquisitions and disposals of subsidiaries and associated companies during 2017 are summarized in the table below. For further information on acquisitions and disposals, see Note C4, C14, C33 and C34.

Closing date

Country

Comments

February 1, 2017

Norway

  • Telia Company acquired all shares in Fält Communications AB (Fältcom) a company in the Nordic connected public transportation market.

March 1, 2017

Sweden

  • Telia Company acquired all shares in the Swedish company C-Sam AB a company that develops and maintains fiber and cable networks.

April 5, 2017

Sweden

  • Telia Company acquired all shares in the Swedish company SalaNet AB, a company that develops fiber network.

April 10, 2017

Norway

  • Telia Company acquired all shares in Phonero AS, a company that offers telecommunication services to small and medium sized corporate customers as well as public companies. The acquisition will strengthen Telia Company’s position in the Norwegian enterprise segment.

April 26, 2017

Tajikistan

  • Telia Company finalized the disposal of the Tajik operation to AKFED. In addition to the impairment of SEK 222 million recognized in the first quarter of 2017, a capital loss of SEK 193 million was recognized due to reclassified foreign exchange losses.

May 8, 2017

Turkey

  • Telia Company disposed a portion of its direct holding in its associated company Turkcell. The disposal represented 7.0 percent of Turkcell’s issued share capital and resulted in a capital loss of SEK 1,828 million due to reclassified foreign exchange losses.

June 30, 2017

Denmark, 
Finland, 
Latvia, 
Lithuania, 
Norway,
Sweden

  • Telia Company disposed the Sergel Group to Marginalen. The disposal resulted in a capital gain of SEK 1,213 million.

July 3, 2017

Finland

  • Telia Company acquired all shares in the Finnish company Nebula Top Oy, a company which provides cloud services. The acquisition will strengthen Telia Company’s position in the Finnish SME and SoHo segments.

July 3, 2017

Sweden

  • On July 3, 2017, Telia Company acquired 93.35 percent of the total shares in the Swedish company Humany AB, a company within self-learning knowledgebase systems. During the third and fourth quarter of 2017 Telia Company acquired the remaining shares from holders of non-controlling interests and thereafter owns all shares in Humany AB.

September 19, 2017

Turkey

  • Telia Company disposed the remaining portion of its direct holding in the associated company Turkcell. The disposal represented 7.0 percent of Turkcell’s issued share capital and resulted in a capital loss of SEK 1,911 million. Telia Company’s indirect holding (24 percent) in Turkcell through Turkcell Holding A.S. remains unchanged.

October 3, 2017,
October 31, 2017

Russia

  • On October 3, 2017, Telia Company disposed a portion of its investment in its associated company MegaFon representing 6.2 percent of MegaFon’s issued share capital and the transaction resulted in a capital gain of SEK 2,795 million. As a consequence of the transaction, MegaFon was re-classified from an associated company to a financial asset in the fourth quarter of 2017. On October 31, 2017, Telia Company disposed its remaining shareholding of 19.0 percent in MegaFon which resulted in a capital loss of SEK 1,275 million.

November 30, 2017

Finland

  • Telia Company acquired all shares in the Finnish company Propentus Oy, a company specialized in identity and access rights management. The acquisition strengthens Telia Company’s offering of information security services.

December 20, 2017

Sweden

  • Telia Company acquired all shares in the Swedish company TV-Net i Löddeköpinge AB. The acquisition will strengthen Telia Company’s fiber investment.