Telia Strikes $1 Billion Deal to Sell Carrier Unit to Polhem

Swedish telecoms giant Telia Company AB has agreed to sell its carrier unit to Polhem Infra in a deal worth more than $1 billion.

The Stockholm-based company said the 9.45 billion-krona ($1.06 billion) agreement with Polhem is on a cash and debt free basis, according to a statement on Tuesday.