Telia Company has divested its entire holding in Spotify in several steps
over
some time for USD 272 million, approximately SEK 2.3 billion, to
institutional
investors. The parties have concluded their successful strategic
partnership.
“We wish Spotify all the best in its next phase as a truly global
listed
company. Spotify has been a fantastic investment for Telia Company, both
from a
direct return and a partnership perspective,” says Johan Dennelind,
President
and CEO of Telia Company.

Based on the transactions, Telia Company
receives approximately USD 272 million,
approximately SEK 2.3 billion, for 100
percent of its stake in Spotify, which is
equivalent to a return on investment
of approximately 2.4x.

Telia Company and Spotify share a long history
together. The two companies
teamed up already in October 2009 through an
exclusive agreement whereby Telia
included Spotify Premium in its
offerings.

The partnership was expanded in June 2015 when Telia Company
invested USD 115
million in Spotify.

During the strategic partnership Telia
Company has worked closely with Spotify
and gained valuable insights into
several important areas including the launch
of the service Telia CoPlay, which
is made available under a home broadband
concept called Telia Zone.

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

We’re Telia
Company, the New Generation Telco. Our approximately 20,000 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.teliacompany.com.