This blog prematurely reported the signing of a memo last week :), but I was on the right track.
Monday, August 20, 2007
Lattelecom, LMT privatization memo finally signed
I now see that the Latvian government, TeliaSonera and Lattelecom have finally signed a memo of understanding on the privatization of Lattelecom and Latvian Mobile Telephone (LMT). The memo assumes that a final agreement will be signed on September 24, not September 12 as assumed earlier (the delay is due to scheduling considerations and vacations). This is yet another step toward the management buy-out (for around LVL 290 million) of Lattelecom and the sale of the remaining government stake in LMT to TeliaSonera.