Starman Group-owned Lithuanian cable operator CGates has completed the acquisition of smaller service provider TPG. The latter provides services in the city of Panevezys in the northern part of the country and the town of Ukmerge in eastern-central Lithuania under the Kateka, Elekta and Teletinklas brands.
Completion of the acquisition follows approval of the deal by the Lithuanian Competition Council. Terms of the transaction were not disclosed.
The latest acquisitions add a further 30,000 to CGates subscriber base, which stands at about 150,000.
TPG is CGates second major acquisition this year, following its earlier purchase of Remo TV, which operates services in Elektrėnuose and Kaišiadoryse.
Petras Kirdeika, managing director of CGates, said that the latest acquisitions strengthened the company’s position in Lithuania’s smaller cities. He said the new purchases would be integrated with CGates infrastructure in the near future, enabling their customers to benefit from the company’s range of services.
CGates is owned by Providence Equity-owned Estonian operator Starman Group, which has set itself the goal of establishing a pan-Baltic cable operation.
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