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E2 Business combinations (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of detailed information about business combination [line items]  
Summary of Business Divestments Transactions
Divestments
 
Divestments 2021–2023                        
        2023        2022        2021  
Proceeds
   
 
 
 
   
 
 
 
   
 
 
 
Cash and cash equivalents
      –633        20        273  
Shares in associated companies
      –        298        –  
Total proceeds
   
 
–633
 
   
 
318
 
   
 
273
 
Net assets disposed of
   
 
 
 
   
 
 
 
   
 
 
 
Property, plant and equipment
      121        –        26  
Right-of-use
assets
      –        –        7  
Investments in associates
      –        82        –  
Goodwill
      –        –        –48  
Other assets
      –        23        51  
Provisions, incl. post-employment benefits
      –        –42        –30  
Other liabilities
      35        –101        36  
Total net assets
   
 
156
 
   
 
–38
 
   
 
42
 
Net gains/losses from divestments
      –789        356        231  
Shares in associated companies
      –        –298        –  
Cash flow effect
   
 
–633
 
   
 
20
 
   
 
273
 
Summary of Business Combinations Transactions
Acquisitions 2021–2023   
 
   
 
Business    Description    Transaction date
Ericom    An Israel based enterprise cloud security platform provider.   
Apr 2023
 
Vonage    A US based global provider of cloud-based communications.   
Jul 2022
 
Quortus    A UK based mobile core software business with expertise in enterprise 4G/5G technology.   
Nov 2021
 
Axonix    A UK based mobile-first programmatic advertising exchange business.   
Mar 2021
 
Summary of Business Divestments Transactions
Divestments 2021–2023
   
 
   
 
Business    Description    Transaction date 
IoT    IoT accelerator and connected vehicle cloud businesses and related assets.   
Mar 2023
 
Aerialink    A US based company providing premier messaging solutions for business to business communications.   
Nov 2022
 
Data center    A data center business located in the Netherlands.   
Nov 2021
 
Acquisitions 2020-2023 [member]  
Disclosure of detailed information about business combination [line items]  
Summary of Net Assets Acquired and Total Consideration Transferred Business Combinations
Acquisitions
 
Acquisitions 2021–2023                        
      2023      2022      2021  
Consideration
   
 
 
 
   
 
 
 
   
 
 
 
Purchase price paid on acquisition
      579        51,297        256  
Deferred consideration/Others
1)
     –        1,972        –  
Total consideration, all cash and cash equivalents
   
 
579
 
   
 
53,269
 
   
 
256
 
Net assets (liabilities) acquired
   
 
 
 
   
 
 
 
   
 
 
 
Intangible assets
      306        23,554        –95  
Property, plant and equipment
      1        186        1  
Right-of-use
of assets
      2        334        –  
Cash and cash equivalents
      7        521        –  
Other assets
      83        5,344        21  
Provisions, incl. post-employment benefits
      –        –1,050        –  
Other liabilities
      –168        –16,916        –348  
Total identifiable net assets
(liabilities)
   
 
231
 
   
 
11,973
 
   
 
–421
 
Goodwill
   
 
348
 
   
 
41,296
 
   
 
677
 
Total
   
 
  579
 
   
 
53,269
 
   
 
256
 
Acquisition-related costs
2)
     36        436        11  
 
1)
 
Deferred consideration relates to the
pre-combination
portion of employee stock awards that were previously granted to Vonage employees, which will be paid out post acquisition according to the original award vesting schedule.
2)
 
Acquisition-related costs are included in Selling and administrative expenses in the consolidated income statement.