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TELIA - Telia AB News Story

SEK36.64 0.1  0.3%

Last Trade - 14/05/21

Sector
Telecoms
Size
Large Cap
Market Cap £12.76bn
Enterprise Value £21.14bn
Revenue £7.54bn
Position in Universe 55th / 1832

Sweden's Telia buys Bonnier's TV unit in SEK 9.2 billion deal

Fri 20th July, 2018 6:11am
STOCKHOLM, July 20 (Reuters) - Telia Company  TELIA.ST  said
on Friday it had signed a deal to buy Bonnier's Broadcasting
business for 9.2 billion crowns ($1.03 billion) on a cash and
debt free basis, with a potential additional amount of maximum 1
billion crowns, as it seeks to boost its TV content.
    The Nordic and Baltic telecoms operator had previuosly
confirmed it was in talks with the Swedish media group to buy
the unit.
    A source told Reuters late on Thursday that Telia had pushed
for a deal valued below the 10-12 billion Swedish crown range
that local media reported in May.  urn:newsml:reuters.com:*:nL8N1UF3LK


($1 = 8.9006 Swedish crowns)

 (Reporting by Helena Soderpalm, editing by Johannes Hellstrom)
 ((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))
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