{
  "title": "Telia to Acquire Telavox’s Nordic Customer Base for SEK 3.8 Billion",
  "publisher": "Acquiry Deal Intelligence",
  "author": "Joash Boyton",
  "url": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/",
  "published": "2026-11-13T00:23:00Z",
  "updated": "2026-11-13T00:23:00Z",
  "licence": "Free to reference with attribution to Acquiry Deal Intelligence and a link to the source URL.",
  "basisNote": "company-disclosed = stated in a company filing or company website; press-sourced = stated by a named news publication; calculated = Acquiry arithmetic on the sourced inputs, formula shown.",
  "rows": [
    {
      "dataset": "sourced-inputs",
      "id": "deal.announced",
      "label": "Announcement date",
      "value": "2026-11-12",
      "unit": "date",
      "display": "Nov 12, 2026",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "Nov 12, 2026",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "deal.priceSek",
      "label": "Price for the Nordic enterprise customer base (SEK)",
      "value": 3800000000,
      "unit": "count",
      "display": "SEK 3.8 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "for SEK 3.8 billion",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "deal.earnoutSek",
      "label": "Potential earn-out (SEK)",
      "value": 200000000,
      "unit": "count",
      "display": "SEK 0.2 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "a potential earn-out of SEK 0.2 billion",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "target.customers",
      "label": "Business customers in the acquired customer base",
      "value": 24000,
      "unit": "count",
      "display": "approximately 24,000",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "approximately 24,000 predominantly small- and medium-size businesses",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "target.endUsers",
      "label": "End-users in the acquired customer base",
      "value": 325000,
      "unit": "count",
      "display": "325,000",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "more than 325,000 end-users",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "target.mobileUsers",
      "label": "Mobile end-users in the acquired customer base",
      "value": 240000,
      "unit": "count",
      "display": "240,000",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "more than 240,000 are mobile end-users",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "mobile.sweden",
      "label": "Mobile end-users based in Sweden",
      "value": 180000,
      "unit": "count",
      "display": "180,000",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "Approximately 180,000 of the mobile end-users",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "mobile.finland",
      "label": "Mobile end-users based in Finland",
      "value": 23000,
      "unit": "count",
      "display": "23,000",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "23,000 in Finland",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "mobile.norway",
      "label": "Mobile end-users based in Norway",
      "value": 8000,
      "unit": "count",
      "display": "8,000",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "8,000 in Norway",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "mobile.denmark",
      "label": "Mobile end-users based in Denmark",
      "value": 28000,
      "unit": "count",
      "display": "28,000",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "28,000 in Denmark",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "acquired.revenueSek",
      "label": "Annual revenue of the acquired customer base (SEK)",
      "value": 1100000000,
      "unit": "count",
      "display": "SEK 1.1 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "approximately SEK 1.1 billion in annual revenue",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "acquired.ebitdaSek",
      "label": "EBITDA of the acquired customer base (SEK)",
      "value": 300000000,
      "unit": "count",
      "display": "SEK 0.3 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "around SEK 0.3 billion in EBITDA",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "acquired.fcfSek",
      "label": "Free cash flow of the acquired customer base (SEK)",
      "value": 250000000,
      "unit": "count",
      "display": "SEK 0.25 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "around SEK 0.25 billion in free cash flow",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "synergies.costSek",
      "label": "Cost synergies (SEK)",
      "value": 200000000,
      "unit": "count",
      "display": "SEK 0.2 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "cost synergies of around SEK 0.2 billion",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "synergies.fcf2028Sek",
      "label": "Free cash flow contribution by 2028, before financing costs (SEK)",
      "value": 400000000,
      "unit": "count",
      "display": "SEK 0.4 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "is expected to reach SEK 0.4 billion",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "integration.employees",
      "label": "Commercial employees expected to join Telia",
      "value": 180,
      "unit": "count",
      "display": "Approximately 180",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "Approximately 180 employees in commercial roles",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telia.leverageImpact",
      "label": "Expected increase in Telia net debt to EBITDA",
      "value": 0.1,
      "unit": "x",
      "display": "approximately 0.1x",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "an increase of approximately 0.1x",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telia.fcfTargetSek",
      "label": "Telia mid-term free cash flow target by 2027 (SEK, at least)",
      "value": 10000000000,
      "unit": "count",
      "display": "SEK 10 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "source_title": "Telia Company AB (Cision), 12 November 2026",
      "evidence": "at least SEK 10 billion of free cash flow by 2027",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telia.q3RevenueSek",
      "label": "Telia revenue, third quarter 2026 (SEK)",
      "value": 21300000000,
      "unit": "count",
      "display": "SEK 21.3 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-company-interim-report-january---september-2026,c4413536",
      "source_title": "Telia Company AB (Cision), 22 October 2026",
      "evidence": "Revenue amounted to SEK 21.3 billion",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telia.q3FcfSek",
      "label": "Telia free cash flow, third quarter 2026 (SEK)",
      "value": 3700000000,
      "unit": "count",
      "display": "SEK 3.7 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-company-interim-report-january---september-2026,c4413536",
      "source_title": "Telia Company AB (Cision), 22 October 2026",
      "evidence": "Free cash flow increased to SEK 3.7 billion",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telia.leverage",
      "label": "Telia leverage at end of third quarter 2026",
      "value": 2,
      "unit": "x",
      "display": "2.00x",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-company-interim-report-january---september-2026,c4413536",
      "source_title": "Telia Company AB (Cision), 22 October 2026",
      "evidence": "Leverage decreased to 2.00x",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telia.fcfOutlookSek",
      "label": "Telia 2026 free cash flow outlook (SEK, at least)",
      "value": 9000000000,
      "unit": "count",
      "display": "SEK 9 billion",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-company-interim-report-january---september-2026,c4413536",
      "source_title": "Telia Company AB (Cision), 22 October 2026",
      "evidence": "Free cash flow of at least SEK 9 billion",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telia.aiShare",
      "label": "Share of Telia workforce using AI daily (more than)",
      "value": 70,
      "unit": "pct",
      "display": "70%",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://news.cision.com/telia-company/r/telia-company-interim-report-january---september-2026,c4413536",
      "source_title": "Telia Company AB (Cision), 22 October 2026",
      "evidence": "More than 70% of our workforce now use AI",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telavox.users",
      "label": "Telavox Platform active users (more than)",
      "value": 1000000,
      "unit": "count",
      "display": "1 million",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://www.telavox.com/press-releases/telia-agreement/",
      "source_title": "Telavox Platform, 12 November 2026",
      "evidence": "more than 1 million active users",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telavox.interactions",
      "label": "Telavox Platform interactions per day (over)",
      "value": 10000000,
      "unit": "count",
      "display": "10 million",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://www.telavox.com/press-releases/telia-agreement/",
      "source_title": "Telavox Platform, 12 November 2026",
      "evidence": "over 10 million interactions a day",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telavox.developers",
      "label": "Telavox Platform in-house developers",
      "value": 150,
      "unit": "count",
      "display": "150+",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://www.telavox.com/press-releases/telia-agreement/",
      "source_title": "Telavox Platform, 12 November 2026",
      "evidence": "150+ in-house developers",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "telavox.revenueEur",
      "label": "Telavox revenue as stated on its website (EUR, more than)",
      "value": 180000000,
      "unit": "count",
      "display": "+180 M",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "https://www.telavox.com/about-us/",
      "source_title": "Telavox Platform, 12 November 2026",
      "evidence": "+180 M Revenue (EUR)",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "sourced-inputs",
      "id": "fx.sekPerUsd",
      "label": "Swedish kronor per US dollar, 12 November 2026",
      "value": 9.98358,
      "unit": "x",
      "display": "9.98358",
      "basis": "press-sourced",
      "formula": "",
      "inputs": "",
      "source": "https://api.riksbank.se/swea/v1/Observations/SEKUSDPMI/2026-11-12/2026-11-12",
      "source_title": "Sveriges Riksbank, 12 November 2026",
      "evidence": "9.98358 SEK per 1 USD",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#deal-data"
    },
    {
      "dataset": "calculations",
      "id": "price-to-revenue",
      "label": "Price divided by annual revenue of the acquired customer base (a comparison of two amounts, both in SEK)",
      "value": 3.4545,
      "unit": "x",
      "display": "3.45x",
      "basis": "calculated",
      "formula": "Price for the Nordic enterprise customer base (SEK) ÷ Annual revenue of the acquired customer base (SEK)",
      "inputs": "deal.priceSek | acquired.revenueSek",
      "source": "",
      "source_title": "",
      "evidence": "The standard price-to-revenue comparable, computed in the currency of the announcement.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-price-to-revenue"
    },
    {
      "dataset": "calculations",
      "id": "price-to-ebitda",
      "label": "Price divided by EBITDA of the acquired customer base (a comparison of two amounts, both in SEK)",
      "value": 12.6667,
      "unit": "x",
      "display": "12.7x",
      "basis": "calculated",
      "formula": "Price for the Nordic enterprise customer base (SEK) ÷ EBITDA of the acquired customer base (SEK)",
      "inputs": "deal.priceSek | acquired.ebitdaSek",
      "source": "",
      "source_title": "",
      "evidence": "Relates the price to the earnings the customers generate before depreciation.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-price-to-ebitda"
    },
    {
      "dataset": "calculations",
      "id": "price-to-fcf",
      "label": "Price divided by free cash flow of the acquired customer base (a comparison of two amounts, both in SEK)",
      "value": 15.2,
      "unit": "x",
      "display": "15.2x",
      "basis": "calculated",
      "formula": "Price for the Nordic enterprise customer base (SEK) ÷ Free cash flow of the acquired customer base (SEK)",
      "inputs": "deal.priceSek | acquired.fcfSek",
      "source": "",
      "source_title": "",
      "evidence": "Relates the price to the cash the customers generate today.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-price-to-fcf"
    },
    {
      "dataset": "calculations",
      "id": "ebitda-margin",
      "label": "EBITDA as a share of revenue for the acquired customer base",
      "value": 27.2727,
      "unit": "pct",
      "display": "27.3%",
      "basis": "calculated",
      "formula": "EBITDA of the acquired customer base (SEK) ÷ Annual revenue of the acquired customer base (SEK) × 100",
      "inputs": "acquired.ebitdaSek | acquired.revenueSek",
      "source": "",
      "source_title": "",
      "evidence": "Shows how much of each krona of revenue becomes EBITDA.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-ebitda-margin"
    },
    {
      "dataset": "calculations",
      "id": "price-per-business",
      "label": "Price per business customer (SEK)",
      "value": 158333.3333,
      "unit": "count",
      "display": "158,333",
      "basis": "calculated",
      "formula": "Price for the Nordic enterprise customer base (SEK) ÷ Business customers in the acquired customer base",
      "inputs": "deal.priceSek | target.customers",
      "source": "",
      "source_title": "",
      "evidence": "What Telia pays for each business relationship, in kronor.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-price-per-business"
    },
    {
      "dataset": "calculations",
      "id": "price-per-end-user",
      "label": "Price per end-user (SEK)",
      "value": 11692.3077,
      "unit": "count",
      "display": "11,692",
      "basis": "calculated",
      "formula": "Price for the Nordic enterprise customer base (SEK) ÷ End-users in the acquired customer base",
      "inputs": "deal.priceSek | target.endUsers",
      "source": "",
      "source_title": "",
      "evidence": "A per-user view of the price that travels across communications deals.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-price-per-end-user"
    },
    {
      "dataset": "calculations",
      "id": "revenue-per-end-user",
      "label": "Annual revenue per end-user (SEK)",
      "value": 3384.6154,
      "unit": "count",
      "display": "3,385",
      "basis": "calculated",
      "formula": "Annual revenue of the acquired customer base (SEK) ÷ End-users in the acquired customer base",
      "inputs": "acquired.revenueSek | target.endUsers",
      "source": "",
      "source_title": "",
      "evidence": "Shows the annual revenue each end-user generates.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-revenue-per-end-user"
    },
    {
      "dataset": "calculations",
      "id": "earnout-share-of-price",
      "label": "Potential earn-out as a share of the price",
      "value": 5.2632,
      "unit": "pct",
      "display": "5.26%",
      "basis": "calculated",
      "formula": "Potential earn-out (SEK) ÷ Price for the Nordic enterprise customer base (SEK) × 100",
      "inputs": "deal.earnoutSek | deal.priceSek",
      "source": "",
      "source_title": "",
      "evidence": "How much additional consideration depends on future performance.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-earnout-share-of-price"
    },
    {
      "dataset": "calculations",
      "id": "sweden-share",
      "label": "Swedish share of mobile end-users",
      "value": 75,
      "unit": "pct",
      "display": "75%",
      "basis": "calculated",
      "formula": "Mobile end-users based in Sweden ÷ Mobile end-users in the acquired customer base × 100",
      "inputs": "mobile.sweden | target.mobileUsers",
      "source": "",
      "source_title": "",
      "evidence": "Shows where the mobile customer base is concentrated.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-sweden-share"
    },
    {
      "dataset": "calculations",
      "id": "synergies-vs-revenue",
      "label": "Cost synergies as a share of annual revenue of the acquired customer base",
      "value": 18.1818,
      "unit": "pct",
      "display": "18.2%",
      "basis": "calculated",
      "formula": "Cost synergies (SEK) ÷ Annual revenue of the acquired customer base (SEK) × 100",
      "inputs": "synergies.costSek | acquired.revenueSek",
      "source": "",
      "source_title": "",
      "evidence": "Sizes the synergy target against the revenue base it applies to.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-synergies-vs-revenue"
    },
    {
      "dataset": "calculations",
      "id": "fcf-progression",
      "label": "2028 free cash flow contribution divided by current free cash flow of the acquired customer base",
      "value": 1.6,
      "unit": "x",
      "display": "1.6x",
      "basis": "calculated",
      "formula": "Free cash flow contribution by 2028, before financing costs (SEK) ÷ Free cash flow of the acquired customer base (SEK)",
      "inputs": "synergies.fcf2028Sek | acquired.fcfSek",
      "source": "",
      "source_title": "",
      "evidence": "Shows the progression Telia states between today and 2028.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-fcf-progression"
    },
    {
      "dataset": "calculations",
      "id": "price-vs-fcf-outlook",
      "label": "Price as a share of Telia’s 2026 free cash flow outlook",
      "value": 42.2222,
      "unit": "pct",
      "display": "42.2%",
      "basis": "calculated",
      "formula": "Price for the Nordic enterprise customer base (SEK) ÷ Telia 2026 free cash flow outlook (SEK, at least) × 100",
      "inputs": "deal.priceSek | telia.fcfOutlookSek",
      "source": "",
      "source_title": "",
      "evidence": "Puts the price in terms of the cash Telia expects to generate in a full year.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-price-vs-fcf-outlook"
    },
    {
      "dataset": "calculations",
      "id": "end-users-per-employee",
      "label": "End-users per commercial employee joining Telia",
      "value": 1805.5556,
      "unit": "count",
      "display": "1,806",
      "basis": "calculated",
      "formula": "End-users in the acquired customer base ÷ Commercial employees expected to join Telia",
      "inputs": "target.endUsers | integration.employees",
      "source": "",
      "source_title": "",
      "evidence": "Shows the scale of the customer relationships each joining colleague supports.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-end-users-per-employee"
    },
    {
      "dataset": "calculations",
      "id": "price-in-usd",
      "label": "Price in US dollars at the Riksbank rate of 12 November 2026 (SEK price divided by kronor per US dollar)",
      "value": 380624986.2274,
      "unit": "usd",
      "display": "$380.62m",
      "basis": "calculated",
      "formula": "Price for the Nordic enterprise customer base (SEK) ÷ Swedish kronor per US dollar, 12 November 2026",
      "inputs": "deal.priceSek | fx.sekPerUsd",
      "source": "",
      "source_title": "",
      "evidence": "Converts the price at the central bank rate of the announcement day for readers who think in US dollars.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/#calc-price-in-usd"
    },
    {
      "dataset": "key-figures",
      "id": "key-figure-1",
      "label": "Price",
      "value": "SEK 3.8 billion",
      "unit": "",
      "display": "SEK 3.8 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Stated in Telia’s announcement of 12 November 2026.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-figures",
      "id": "key-figure-2",
      "label": "Annual revenue acquired",
      "value": "SEK 1.1 billion",
      "unit": "",
      "display": "SEK 1.1 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Approximately, for the acquired customer base.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-figures",
      "id": "key-figure-3",
      "label": "End-users",
      "value": "325,000+",
      "unit": "",
      "display": "325,000+",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "More than 325,000 end-users, of which more than 240,000 are mobile end-users.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-figures",
      "id": "key-figure-4",
      "label": "Telia leverage",
      "value": "2.00x",
      "unit": "",
      "display": "2.00x",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Net debt to EBITDA at the end of the third quarter of 2026.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-1",
      "label": "Price",
      "value": "SEK 3.8 billion",
      "unit": "",
      "display": "SEK 3.8 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "For Telavox’s Nordic enterprise customer base, stated in Telia’s announcement of 12 November 2026.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-2",
      "label": "Earn-out",
      "value": "SEK 0.2 billion",
      "unit": "",
      "display": "SEK 0.2 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "A potential earn-out payable in addition to the price.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-3",
      "label": "Customers",
      "value": "Approximately 24,000 businesses",
      "unit": "",
      "display": "Approximately 24,000 businesses",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Predominantly small- and medium-size businesses across four countries, with more than 325,000 end-users.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-4",
      "label": "Platform",
      "value": "Multi-year UCaaS licence",
      "unit": "",
      "display": "Multi-year UCaaS licence",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Telia licenses Telavox’s UCaaS platform for the acquired customers and its existing enterprise customers.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-5",
      "label": "Synergies",
      "value": "Around SEK 0.2 billion",
      "unit": "",
      "display": "Around SEK 0.2 billion",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Cost synergies, with the majority materializing in the first two years following closing.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    },
    {
      "dataset": "key-facts",
      "id": "key-fact-6",
      "label": "Expected close",
      "value": "Q1 2027",
      "unit": "",
      "display": "Q1 2027",
      "basis": "company-disclosed",
      "formula": "",
      "inputs": "",
      "source": "",
      "source_title": "",
      "evidence": "Subject to customary regulatory approvals.",
      "as_at": "",
      "permalink": "https://www.acquiry.com/deal-intelligence/telia-to-acquire-telavox-nordic-customer-base-for-sek-3-8-billion/"
    }
  ],
  "sources": [
    {
      "id": "s1",
      "title": "Telia to acquire Telavox’s Nordic enterprise customer base and license their unified communications platform",
      "href": "https://news.cision.com/telia-company/r/telia-to-acquire-telavox-s-nordic-enterprise-customer-base-and-license-their-unified-communications-,c4423423",
      "publisher": "Telia Company AB (Cision)",
      "date": "12 November 2026",
      "isoDate": "2026-11-12",
      "kind": "Press release"
    },
    {
      "id": "s2",
      "title": "Telia signs agreement with Telavox Platform and will acquire Telavox’s Nordic MVNO",
      "href": "https://www.telavox.com/press-releases/telia-agreement/",
      "publisher": "Telavox Platform",
      "date": "12 November 2026",
      "isoDate": "2026-11-12",
      "kind": "Press release"
    },
    {
      "id": "s3",
      "title": "Telia Company Interim Report January – September 2026",
      "href": "https://news.cision.com/telia-company/r/telia-company-interim-report-january---september-2026,c4413536",
      "publisher": "Telia Company AB (Cision)",
      "date": "22 October 2026",
      "isoDate": "2026-10-22",
      "kind": "Interim report"
    },
    {
      "id": "s4",
      "title": "Telia proposes further localization of operations and targets SEK 1 billion in annual gross savings",
      "href": "https://news.cision.com/telia-company/r/telia-proposes-further-localization-of-operations-and-targets-sek-1-billion-in-annual-gross-savings,c4407089",
      "publisher": "Telia Company AB (Cision)",
      "date": "12 October 2026",
      "isoDate": "2026-10-12",
      "kind": "Press release"
    },
    {
      "id": "s5",
      "title": "About Telavox Platform",
      "href": "https://www.telavox.com/about-us/",
      "publisher": "Telavox Platform",
      "date": "12 November 2026",
      "isoDate": "2026-11-12",
      "kind": "Company website"
    },
    {
      "id": "s6",
      "title": "Telavox UCaaS platform",
      "href": "https://www.telavox.com/ucaas/",
      "publisher": "Telavox Platform",
      "date": "12 November 2026",
      "isoDate": "2026-11-12",
      "kind": "Company website"
    },
    {
      "id": "s7",
      "title": "Swedish krona per US dollar, 12 November 2026 (series SEKUSDPMI)",
      "href": "https://api.riksbank.se/swea/v1/Observations/SEKUSDPMI/2026-11-12/2026-11-12",
      "publisher": "Sveriges Riksbank",
      "date": "12 November 2026",
      "isoDate": "2026-11-12",
      "kind": "Central bank rate"
    }
  ]
}