Polhem Infra completed the acquisition of Telia Carrier, a world-leading provider in backbone connectivity for data traffic, after all conditions, including regulatory approvals, were met.

Acting as local counsel, our pan-Baltic team, collaborating with DLA Piper as lead counsel, advised Polhem Infra throughout the transaction on Lithuanian, Latvian and Estonian legal matters

In October 2020 investment company Polhem Infra, jointly owned by three Swedish national pension funds, entered into a binding agreement to acquire Telia Carrier from Telia Company at an enterprise value of SEK 9,450 million (approx. EUR 935 million). The deal also includes an agreement on strategic partnership.

Our assistance and the team

The Sorainen team which assisted Polhem Infra in the closing of the deal was led by counsel Jānis Bite and included counsel Jonas Kiauleikis and senior associate Robin Teever.

The client was also advised on other transaction-related matters by partners Eva Berlaus, Sergej Butov and Piret Jesse, as well as senior associates Zanda Frišfelde, Viktorija Smirnova-Čerkasa and Linda Reneslāce.