Latvian government to respond as Telia warns it could sell up

Latvian prime minister Māris Kučinskis has said he will respond by November to Nordic telco Telia’s threat to sell its stakes in mobile operator LMT and fixed-line telco Lattelecom if the Latvian government blocks the planned merger of the pair. Telia has promoted the combination of the fixed and mobile companies in order to drive convergence […]

Telia boosted by solid TV numbers

Nordic telco Telia’s second quarter performance was boosted by a solid growth in TV numbers, although its financial performance in its domestic Swedish market fell short of expectations. Telia has been struggling to recover from a series of scandals that hit it last year over alleged bribery of government officials in Uzbekistan. Telia overall reported […]

Eurochannel expands in the Baltics

European cinema TV channel, Eurochannel, has expanded its footprint in the Baltics after agreeing a deal with Lithuanian pay TV operator Telia. Telia subscribers to the ‘movie package’ or ‘my package’ offerings can now access the Lithuanian version of Eurochannel on slot number 16 of the electronic programming guide. “As part of Eurochannel constant expansion […]

Modern Times Group sells Baltic ops as it turns towards digital

Modern Times Group (MTG) is selling its operations in the Baltic states to Providence Equity Partners in a deal that values the free, pay TV and radio businesses at €115 million, or 12 times 2016 earnings before interest and tax. MTG said the sale was part of its plan to transform itself from “a traditional […]

Telia merges Lithuanian units

Nordic telco Telia has merged its Lithuanian operations and renamed the combined company Telia Letuva. Telia merged for fixed-line telco Teo, mobile operator Omnitel and Baltic Data Centre together to create the new company. According to Telia, its Lithuanian unit is the country’s only operator with a full fixed and mobile, broadband and TV offering. […]

Lithuania’s CGates moves forward with consolidation strategy

Lithuanian cable operator CGates has acquired smaller operator Transteleservis, which operates TV and broadband services in the towns of Visaginas and Pabradé. The move expands CGates’ consumer base by about 7,000, taking its total to 270,000 across the country. Terms of the transaction were not disclosed. CGates’ chief executive, Petras Kirdeika, said that the integration […]

Finland’s Elisa acquires Estonia’s Starman

Finnish telecom and cable group Elisa is to acquire leading Estonian cable operator Starman for €151 million in cash. Elisa acquired Starman from Polaris Invest and Com Holding immediately following the sale by investment group East Capital Explorer of its 63% stake in the operator to Polaris Invest, hitherto a minority shareholder. Polaris had been […]

Digital TV CEE: Netflix unlikely to progress in CEE

Netflix is unlikely to make significant headway in most markets in central and Eastern Europe without making significant and probably uneconomic investments in local content, according to a line-up of speakers at the Digital TV CEE conference in Budapest. Despite the global SVOD player’s decision to localise its service in Poland, there is still a […]

TV growth provides bright spot for beleaguered Telia

Nordic and Baltic region telecom provider Telia said a strong TV performance in its Sweden contributed to overall growth in its domestic market in the third quarter. Telia had 1.671 million TV customers at the end of the quarter, up 14,000 on the previous quarter and up 68,000 year-on-year. The operator had 752,000 subscribers in […]

CGates expands reach with new acquisition

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 […]