DLA Piper advises Polhem Infra on the acquisition of Telia Carrier
DLA Piper has advised Polhem Infra on its acquisition of Telia Carrier. Polhem Infra have entered into a binding agreement to acquire Telia Carrier, a world leading provider in back-bone connectivity for data traffic. With the acquisition, Polhem Infra will, through Telia Carrier, own and operate more than 74,000 km of fiber network with 320 connection points in the world.
The deal includes an agreement on strategic partnership. Telia Carrier and Telia Company will continue to work together to provide services and develop new solutions for customers. The company is acquired at a value of SEK9,450 million on a debt-free basis.
Polhem Infra invests in and manages infrastructure assets. The company was founded 2019 and is jointly owned by the Swedish Pension Funds: the First AP Fund, Third AP Fund and Fourth AP Fund.
The DLA Piper team, which comprised lawyers from 35 countries, was led by Stockholm-based partner Anders Malmström and London-based Intellectual Property and Technology partner Mike Conradi. assisted by senior associate Petros Vardanian.