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BAM Brookfield Asset Management Ltd

39.1925
-0.58746 (-1.48%)
After Hours
Last Updated: 21:15:34
Delayed by 15 minutes
Share Name Share Symbol Market Type
Brookfield Asset Management Ltd NYSE:BAM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.58746 -1.48% 39.1925 39.26 37.87 39.05 4,747,587 21:15:34

Telia Completes Sale of 49% Stake in Swedish Tower Business

01/06/2022 10:04am

Dow Jones News


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By Dominic Chopping

 

STOCKHOLM--Swedish telecommunications operator Telia Co. AB said Wednesday that it has completed the sale of 49% of its Swedish tower business to Brookfield Infrastructure Group and Alecta following the receipt of all regulatory approvals.

The company agreed to the 5.5 billion Swedish kronor ($563.4 million) sale in January.

With the completion of this transaction, as well as the previous sale of 49% of Telia's Norwegian and Finnish tower business to Brookfield and Alecta, all of its tower assets are now placed in Telia Towers AB, a company 51% owned by Telia and 49% by Brookfield and Alecta.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

June 01, 2022 04:49 ET (08:49 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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