Friday, January 18, 2008

Lattelecom CEO comments MBO rejection

Lattelecom CEO Nils Melngailis comments the rejection of the MBO proposal (would have been the largest transaction in Latvia to date). I filmed this while Nils was speaking to a journalist from Bloomberg News.

My personal view: It is time for Nils to move on in his career. There is no point in being a masochist in a business environment (Lattelecom's state owner) that is more like a monkey house or an insane asylum that a place where rational choices are made.

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