Telia to offload Danish operation for £742 million

After nearly three decades in Denmark, Telia is heading for the exit.
The Sweden-based telco group on Tuesday agreed to sell 100% of Telia Denmark’s operations and network assets to local electricity, broadband and TV provider Norlys for DKK6.25 billion (£742.7 million). It’s an all-cash deal with a valuation equivalent to 8.9 times Telia Denmark’s 2022 reported EBITDA. As market exits go, this looks like a quick and clean one.
“Telia’s strategy is to focus on