By Kyle Morris
Telia Co. AB said Tuesday that it has agreed to sell Telia Latvia to Latvian fixed-network operator Tet for an enterprise value of 10.8 million euros ($12.2 million).
The company said the deal is on a cash and debt-free basis and is expected to close in the second quarter.
Telia owns 49% of Tet.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
01-04-22 0325ET