DLA Piper advises Polhem Infra on the successful acquisition of Telia Carrier

DLA Piper has advised Polhem Infra on the successful completion of the acquisition of Telia Carrier from Telia Company, at an enterprise value of SEK 9,450 million (c. EUR 1 billion).

Under Polhem Infra’s ownership, Telia Carrier will continue to further strengthen its position as one of the world’s leading network connectivity providers.

Telia Carrier’s sustainable network connects more than 700 cloud, security and content providers with more than 2,300 customers in 125 countries. Founded jointly in 2019 by the Swedish National Pensions Funds AP1, AP3 and AP4, Polhem Infra is an investment company focusing on direct investments in unlisted Swedish businesses that manage or provide social services and assets such as renewable power production, energy storage, energy distribution and digital infrastructure.

DLA Piper provided full transactional support to Polhem Infra in Ukraine, advising on the Ukrainian legal aspects of the deal including the closing and post-closing matters of the deal.

The cross-practice, multi-jurisdictional team was led by Stockholm-based Corporate partner Anders Malmstrom and London-based IPT partner Mike Conradi.