Baltkom reported to be seeking investors or merger

Latvian cable operator Baltkom is reported to be looking for new investors and may seek a deal with rival cable operator IZZI.

According to the business news website, Baltkom is on talks with four or five potential financial investors. also reports that Baltkom may seek a merger with IZZI to create a stronger rival to Lattelecom with 370,000 pay-TV and internet subscribers.