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Telia Company AB ( (SE:TELIA) ) has provided an announcement.
Telia Company has completed the sale of its TV & Media business to Schibsted for SEK 6.55 billion, as part of its strategy to simplify operations and focus on its core connectivity services. The proceeds from the sale will be used to reduce debt, positioning Telia’s net debt/adjusted EBITDA at the lower end of its target range, thereby strengthening its financial stability.
The most recent analyst rating on (SE:TELIA) stock is a Buy with a SEK40.00 price target. To see the full list of analyst forecasts on Telia Company AB stock, see the SE:TELIA Stock Forecast page.
More about Telia Company AB
Telia Company is a leading telecommunications operator in the Nordic and Baltic regions, providing world-class connectivity and communications services to millions of customers. The company is focused on sustainable and secure networks, aiming to be a trusted partner in digitalization.
Average Trading Volume: 9,939,929
Current Market Cap: SEK130.3B
Learn more about TELIA stock on TipRanks’ Stock Analysis page.