Polhem Infra, a company that invests in and manages infrastructure assets, agreed to acquire Telia Carrier, a provider of Internet backbone networks, from Telia, a Swedish multinational telecommunications company and mobile network operator, for $1.06bn. ”The divestment of Telia Carrier highlights the value Telia has built in its digital infrastructure - and today we are able to crystallize some of that value. As a consequence, we can now fully concentrate on our Nordic and Baltic footprint, while we at the same time have secured future access for our customers to Telia Carrier's world-leading solutions, through a long-term strategic partnership. The majority of the proceeds from the sale will be used to strengthen our balance sheet and thereby provide a solid financial base for Telia Company and our shareholders, enabling both investments in services and networks in our core markets as well as providing a strong foundation for attractive shareholder remuneration," Allison Kirkby, Telia President and CEO.