Brief: Telia To Sell TV & Media Business To Schibsted For Sek 6.55 Bln
25/02/2025 06:08
Feb 25 (Reuters) - Telia Company AB TELIA.ST :
* ENTERS AGREEMENT TO DIVEST TV & MEDIA BUSINESS TO
SCHIBSTED
MEDIA
* TO SELL TV & MEDIA BUSINESS TO SCHIBSTED FOR SEK 6.55
BILLION
* ENTERS MULTI-YEAR DISTRIBUTION PARTNERSHIP FOR TV4 AND MTV
CONTENT
* TELIA'S MID-TERM FINANCIAL TARGETS UNCHANGED, INCLUDING
FREE
CASH FLOW OF AT LEAST SEK 10 BILLION BY 2027
* TELIA'S 2025 FREE CASH FLOW OUTLOOK ADJUSTED TO AROUND SEK
7.5
BILLION FROM AROUND SEK 8 BILLION, TO REFLECT EXCLUSION OF TV &
MEDIA
Source text: ID:nWkr4ZnfZj
Further company coverage: TELIA.ST
(Gdansk Newsroom)
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