Published by Global Banking & Finance Review®
Posted on February 25, 2025
2 min readLast updated: January 25, 2026
Add as preferred source on GoogleTelia sells its TV & Media business to Schibsted for $615 million, aiming to reduce debt and focus on Nordic connectivity growth.
OSLO (Reuters) -Swedish telecoms group Telia Company said on Tuesday it has agreed to sell its TV & Media business to Norway's Schibsted Media at an enterprise value of 6.55 billion Swedish crowns ($614.99 million) on a cash and debt-free basis.
Telia will book a non-cash impairment of around 2 billion crowns on the deal, and will use the proceeds from the sale to reduce its own debt, the company said in a statement.
The transaction includes the TV4 and MTV brands in Sweden and Finland respectively, and is expected to close in the third quarter of 2025, it added.
"The agreement is in line with Telia's active portfolio management and focus on growth in its core connectivity business in the Nordic and Baltic regions," the company said.
The TV & Media business comprises television channels, streaming services and several websites, and currently has approximately 1,200 employees across the two countries, Telia added.
Privately held Schibsted Media, previously a part of Schibsted ASA, is the owner of major newspapers in Norway and Sweden, and is fully owned by Norwegian foundation Stiftelsen Tinius since 2024.
($1 = 10.6506 Swedish crowns)
(Reporting by Terje Solsvik, editing by Stine Jacobsen)
The enterprise value of the deal is 6.55 billion Swedish crowns.
The transaction includes the TV4 brand in Sweden and the MTV brand in Finland.
The sale is expected to close in the third quarter of 2025.
Telia will use the proceeds from the sale to reduce its own debt.
Schibsted Media is privately held and fully owned by the Norwegian foundation Stiftelsen Tinius since 2024.
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