Thursday, May 03, 2007

Government OKs Lattelecom management/staff buy-out

A Latvian government working group approved the proposed management/staff buyout of Lattelecom for a sum around LVL 290 million (USD 580 million). Since TeliaSonera, which owns 49 % of the Latvian fixed-line operator, has unofficially given the nod to the deal, it appears that Lattelecom management and staff can get serious with international banks that have expressed interest in financing the deal and move ahead to a due diligence.

More on this later.

2 comments:

Joe Willcox said...

Hi Juris

I've enjoyed your blog over the few weeks I've known about it. Very insightful stuff about the telecoms scene in Latvia/Baltics. Among other things, I run an annual gathering of telecoms industry leaders from across the CEE region: www.gsm-3gworldseries.com/cee. Perhaps you'd like to attend/cover the event. If you have press credentials I can arrange a press pass. Am working to secure the likes to Lattelecom, LMT, Triatel etc. etc. right now so you may have some tips, contacts? This event was originally a spin-out from the 3GSM World Congress and has an 11 year heritage. Taking place in Prague this year, in September.

Mail me: joe.willcox@informa.com

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