SIA Tet entered into an agreement to acquire Telia Latvija Sia from Telia Company AB (publ) (OM:TELIA) for an enterprise value of 10.75 million on January 4, 2022. SIA Tet will pay an enterprise value of 10.75 million on a cash and debt free basis representing a FY2021e EV/EBITDA multiple of 10x. The transaction is subject to customary regulatory approvals and is expected to close during the second quarter of 2022.