Alecta and Brookfield to acquire a 49% stake in the Swedish tower business of Telia for $593m.

Alecta and Brookfield, two of the largest owners and operators of real assets in their respective regions, agreed to acquire a 49% stake in the Swedish tower business of Telia, a Swedish multinational telecommunications company and mobile network operator, for $593m. "Telia has a clear strategy to develop and crystalize its digital infrastructure by joining forces with strategic partners that have a similar long-term view of the value of these assets, and bring unique operating and commercial expertise to Telia. We are therefore delighted to expand our partnership with Brookfield and Alecta to also include our towers in Sweden. This transaction yet again clearly demonstrates the value of, and our leadership in, digital infrastructure. We firmly believe tower infrastructure is an essential foundation for the continued digitalization of the Nordics and Baltics and together with our partners we are committed to develop that digital infrastructure further," Allison Kirkby, Telia Company President and CEO.