Latvian cable operator Baltcom has acquired all shares in Latvia’s second-largest cable provider, IZZI.
Announcing the deal, Baltcom said that the two companies would continue to run as separate legal entities.
Customers will continue to receive their existing services with prices and conditions to remain the same, however they will be able to apply for a wider range of services with the potential for the firms to develop new offers, Baltcom said.
“Our strategy is to be one of the leaders in the electronic communications sector and the development of new services and expanding our infrastructure coverage and services throughout Latvia,” said Baltcom chairman of the board Vojko Rovere.
Rovere added that the deal will allow Baltcom to expand its telecommunications infrastructure by around 30%, offer a wider variety of services and “ensure further growth by strengthening Baltcom’s market position.”
Baltcom was founded in 1991 and is one of the leading telecoms companies in Latvia, offering analogue, digital and interactive TV services, high speed internet and fixed telephony services. As of August this year it has also begun supplying electricity to homes.
The IZZI deal comes after Baltcom acquired eight smaller telecom service providers in February – SIA Global DVA, SIA IME PLUSS, SIA Latvijas Datoru Tīkli, SIA Lain Net, SIA Interneta pasaule, SIA IPTV, SIA Rīgas Kabeļradio and SIA Rīgas Radiotranslācija.
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