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2016-04-11

TeliaSonera: TeliaSonera announces completion of divestment of Ncell

Press Release April 11, 2016

TeliaSonera today announces it has completed the divestment of its
holding in the Nepalese operator Ncell to Axiata, pursuant to the
terms of the agreement announced on December 21, 2015, and the
obtained approvals of all relevant authorities.

"I am very pleased to announce the completion of our divestment of
Ncell to Axiata, according to our announcement in December and in
line with our ambition to reduce our presence in Eurasia over time.
Axiata is a suitable new owner of Ncell and it gives me comfort that
our dedicated employees are in good hands," says Johan Dennelind,
TeliaSonera's President and CEO.

Axiata has approximately 275 million customers and 25,000 employees in
Asia. Ncell will complement its portfolio of Asian telecommunications
assets, which includes operations in Malaysia, Indonesia, Sri Lanka,
Bangladesh, Cambodia, India, Singapore, Myanmar and Pakistan.

TeliaSonera has completed the sale at an enterprise value of USD 1,030
million for its 60.4 percent ownership of Reynolds Holding, which
owns Ncell. The transaction is subject to customary closing balance
sheet adjustments based on net debt and net working capital.
TeliaSonera will be paid for Ncell's cash position in proportion to
its economic interest of 80.4 percent. Furthermore, TeliaSonera has
dissolved its economic interests in the 20 percent local ownership in
Ncell and received approximately USD 48 million from Sunivera Capital
Ventures, Singapore.

TeliaSonera AB discloses the information provided herein pursuant to
the Swedish Securities Markets Act and/or the Swedish Financial
Instrument Trading Act. The information was submitted for publication
at 15:00 p.m. CET on April 11, 2016.

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

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 TeliaSonera.

We're TeliaSonera, 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 www.teliasonera.com.

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http://news.cision.com/teliasonera/r/teliasonera-announces-completion-of...
http://mb.cision.com/Main/40/9953116/499235.pdf

Författare WKR

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