Acquisition of part of Telia Company’s tower business in Finland and Norway

Brookfield Asset Management

Posted on

30 Jun

2021

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Fast facts

Status:

Pending

Cross-border:

Yes

Jurisdictions:

Finland and Norway

Deal value:

EUR 722 million, enterprise value of the tower business EUR 1,524 million

Dittmar & Indrenius > References > Acquisition of part of Telia Company’s tower business in Finland and Norway

We advise Brookfield, investing through its core-infrastructure fund, together with Alecta, on the acquisition of 49 percent of Telia Company’s tower business in Finland and Norway. The acquired tower business is comprised of approximately 4,700 towers.

The transaction is subject to customary regulatory approvals and closing is expected take place in the fourth quarter of 2021.

Brookfield’s core-infrastructure fund is a leading global infrastructure platform that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe.

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