Nordic telco TeliaSonera has agreed to acquire a 7.87% stake in Lithuanian telco and digital TV provider Teo from East Capital for €38.9 million.
TeliaSonera said it will also invite all other shareholders to participate in a voluntary takeover bid for the remaining outstanding shares. The telco will launch a public bid for the remaining shares at the same price, which will cost a total €118 million if all shares are tendered, representing a premium of 5.3% on the price of Teo’s share ahead of the announcement.
TeliaSonera will keep Teo listed if a significant number of shares remain outstanding.
Magine Pro names senior executives digitaltveurope.com/2020/09/21/mag…
21 September 2020 @ 12:31:49 UTC
RT @ViaccessOrca: Don't forget our session tomorrow on securing your revenue in the new age of video piracy, part of the excellent @digital…
21 September 2020 @ 09:49:18 UTC