Tuesday, March 04, 2008

Latvian government says no Blackstone letter received

Latvian Prime Minister Ivars Godmanis' press secretary Edgars Vaikulis told this blogger that no letter has been received from The Blackstone Group reminding the government of the link between its offer to participate in a buy-out of TeliaSonera's 49 % share in Lattelecom and the continued leadership of the fixed network operator by Nils Melngailis. Melngailis has submitted his resignation effective April 1 and is currently on vacation.
I wrote in an earlier post that, according to an informed source, Blackstone had sent a letter to the Latvian government reminding it that the offer to buy out TeliaSonera was dependent on Melngailis remaining at his post. Logically, the between-the-lines message was: no Melngailis, no deal. For this reason, my assertion that the deal was dead was published with a question mark in the headline, but I would be surprised if it wasn't.
My sources insist that a letter has been sent, but say that the tone of it was very mild, just saying that Melngailis' departure increased the risks faced by the proposed deal. I still maintain that Blackstone, however politely and indirectly, is heading for the door.

Knowing the Latvian Postal Service, the letter may simply not have arrived, although business communications generally are sent by courier or electronically.
Vaikulis confirmed that the government had received a letter from TeliaSonera that it would consider in a special working group on March 12, then submit the working group's recommendations to the regular government meeting on March 18. Vaikulis didn't disclose the content of the letter. This blog has written (and news agencies in Sweden report that TeliaSonera confirms) that the letter proposed dividing Lattelecom into separate wholesale and retail units to ensure competition.


Anonymous said...

I need internet in some rural area, that is in Broceni, SAldus, Latvia. I will be erecting 2 buildings there, so I wonder if you can quote me the internet service.

Anonymous said...

I haven't find any email address where I can contact, but if there is some, please send me an email s_iliana@hotmail.com

Juris Kaža said...

I would suggest you:

1) Get an offer from Lattelecom for a fiber link.
2) Get an offer from Latvenergo, who may be able to install fiber when they install the electrical lines/
3) Get an offer from Triatel or Bite for high speed wireless. Maybe you can install a Bite femtocell -- the first in Latvia.

Anonymous said...

Hi, I am from Nepal working in VSAT. If you are erecting 2 buildings then i would suggest to put Ku-Band VSAT,which is very handy & economical.If you put 1.2 meter anteena with 2 Watt BUC with IDU(SAT Modem).Also pls check the foot print of satellite and B/W provider(Loral Skynet Telstar-12) and You can distribute internet in whole 2 buildings.But i am not sure about your government policy regarding VSAT licensing.
Thankx & Regards

Feel free to contact me : ajib_shrestha@hotmail.com

Anonymous said...

Even if you have to connect internet in remote multiple areas, you can put your own Ku-Band VSAT and wireless device and do VPN. If in Latvia telecom provider have CDMA or GSM internet facilities, you can browse internet using your SIM card in PCMCI card in your laptop. And yes,if you want internet connection in urban areas or cities then go for optical fiber link,which will be much more faster browsing(i agree with Juris). Its all depend upon how much bandwidth you require for all of your sites and purpose (Data only or VOiP or both).
Thankx & Regards
Feel free to contact me: