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  "documentTitle": "Telia Company | Mergers and Acquisitions Presentation Deck | 12 slides",
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  "authorName": "Telia Company",
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  "presentationDate": "2018-12-01 00:00:00",
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  "notes": "The slide uses a structured table format to present key deal terms.",
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      "text": "Rationale: The final big step in our effort to over time leave Eurasia. Target company: Telia Company’s direct and indirect ownership in Kcell. Valuation: Telia Company has sold its 24 percent direct ownership in Kcell to Kazakhtelecom JSC. Simultaneously, Fintur Holding, jointly owned by Telia Company and Turkcell, has sold its 51 percent ownership in Kcell to Kazakhtelecom JSC. The price for the 75 percent is USD 446 million (our part USD 326 million) which implies a full enterprise value of USD 771 million, equal to EV/EBITDA of 5.0x, slightly above peers. Financial effects: The transaction is expected to result in a gain of c. SEK 1.1 billion for Telia Company before reclassification of accumulated foreign exchange losses of SEK 0.9 billion to net income from discontinued operations (which will have no material effect on group equity). Net debt to EBITDA to decrease by 0.1x. Time table: The Kazakh competition authority has already approved the transaction and closing of the transaction is expected during December 2018",
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      "text": "TRANSACTION HIGHLIGHTS - KCELL",
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