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2017-02-01

Telia Company: Telia Company to acquire Fält Communications AB

Press Release February 1, 2017

Telia Company accelerates its activities within the Smart Cities space
by acquiring Fält Communications AB (Fältcom), a leading and well
established company in the growing Nordic connected public
transportation market.

"Fältcom is a market leader in Scandinavia and has recently seen early
success internationally. The combination of great products and
services, and talented and passionate people, will position the
combined companies to become the leading provider of Smart Public
Transport services whilst laying a foundation for further expansion
in the Smart Transport & Logistics and Smart City space," says
Brendan Ives, Head of Telia Company's emerging businesses unit
Division X, and continues: "This is also fully in line with our
ambition to find digital solutions to societal challenges such as
climate change while making cities more liveable"

Swedish company Fältcom was founded in 1998 and is headquartered in
Umeå. The company has roughly 40 employees. Fältcom's systems make it
possible for customers to monitor and control devices in one place on
the globe from another. The company today has more than 160,000
installations, of which 40,000 are online, in buildings, vehicles,
and customized IoT solutions. Fältcom is the market leader in
Scandinavia for mobile platforms on buses, and every speed camera in
Sweden is equipped with its technology. For 2016, Fältcom had
preliminary revenues of SEK 83 million.

Fältcom's main owners SEB Venture Capital and Nordic VC Industrifonden
together own 93 percent of Fältcom and the employees own the
remaining 7 percent. The acquisition is expected to close in
February. The parties have agreed not to disclose the purchase price.

"Fältcom and Telia Company share a common belief that open platforms
and ecosystems are key to unleashing the endless possibilities of
IoT. Having achieved a market leading position, we are really excited
to be part of Telia Company. Together we'll strengthen our market
position, open up significant growth potential and accelerate the
rate at which we can create value for our customers and partners,"
says Mikael Långström, CEO of Fältcom.

This information is information that Telia Company AB is obliged to
make public pursuant to the EU Market Abuse Regulation and/or the
Securities Markets Act. The information was submitted for
publication, through the agency of the contact person set out above,
at 10.30 CET on February 1, 2016.

For more information, please contact our press office +46 771 77 58
30, visit our Newsroom (http://www.teliacompany.com/en/newsroom/) or
follow us on Twitter @Teliacompany
(https://twitter.com/Teliacompany).

Forward-Looking Statements
Statements made in the press release relating to future status or
circumstances, including future performance and other trend
projections are forward-looking statements. By their nature,
forward-looking statements involve risk and uncertainty because they
relate to events and depend on circumstances that will occur in the
future. There can be no assurance that actual results will not differ
materially from those expressed or implied by these forward-looking
statements due to many factors, many of which are outside the control
of Telia Company.

We're Telia Company, the New Generation Telco. Our 21,000 talented
colleagues serve millions of customers every day in one of the
world's most connected regions. With a strong connectivity base,
we're the hub in the digital ecosystem, empowering people, companies
and societies to stay in touch with everything that matters 24/7/365
- on their terms. Headquartered in Stockholm, the heart of innovation
and technology, we're set to change the industry and bring the world
even closer for our customers. Read more at
http://www.teliacompany.com/.

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http://news.cision.com/telia-company/r/telia-company-to-acquire-falt-com...
http://mb.cision.com/Main/40/2178283/622222.pdf

Författare WKR

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