Starman Group


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 […]

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 […]

CGates launches flexible packages

Starman Group-owned Lithuanian cable operator CGates has launched flexible channel packages in place of the big basic model it previously offered to TV subscribers. In place of big basic, CGates is offering nine smaller thematic channel packages, which subscribers can combine and modify on a month-by-month basis. The channel packages encompass films, sports, news, entertainment, […]

Lithuania’s Cgates acquires Remo TV

Starman Group-owned Lithuanian cable operator CGates has acquired cable operator Remo TV, which operates in the towns of Elektrėnuose and Kaišiadoryse. Remo TV serves about 7,500 homes in the two areas in the Kaunas region in the central part of the country. The latest acquisition follows CGates’ acquisition of regional operator Kava last year, taking […]

East Capital to sell Starman Group to Providence Equity

Nordic investment group East Capital Explorer has struck a deal to sell its entire 63% in pan-Baltic cable operation Starman Group to Providence Equity. The agreement in principle would see East Capital Explorer sell its stake in Starman for an upfront payment of €81 million in cash with the potential of an additional earn-out of […]