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. […]

Teo takes control of Omnitel

Lithuanian telecom operator Teo has acquired 100% control of mobile operator Omnitel from TeliaSonera, the parent of both companies. Teo and Omnitel are launching a new joint telecommunications business in Lithuania. Teo acquired the shares in Omnitel for €220 million on a cash and debt free basis. SEB Bank and Danske Bank provided Teo with […]

Lithuania’s Teo to acquire mobile sister company Omnitel

Nordic telco TeliaSonera is combining its two Lithuanian services, fixed-line operator Teo and mobile player Omnitel, in a single company that TeliaSonera says will strengthen its core business in the Nordic and Baltic markets. Teo will acquire Omnitel for €220 million on a cash and debt-free basis, with the united company expected to generate annual […]