0
General

Latvian govt rejects Telia plan for Lattelecom, LMT merger

Thursday 9 November 2017 | 09:58 CET | News
The Latvian government has rejected a proposal to merge the fixed operator Lattelecom and the mobile operator LMT, reports Db.lv. The decision follows a proposal from the Ministry of Economy to start negotiations with Telia Company, which is the other major shareholder in both companies. The state had been expected to get a 51 percent stake in the united company.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Lattelecom / LMT
Countries: Latvia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Negotiations on merger of Tet, LMT are ongoing

Published 10 May 2019 16:01 CET | Latvia
Negotiations around the merger of Latvian fixed operator Tet (former Lattelecom) and mobile operator LMT were stilll taking place ...

Telia signs MoU with Latvia govt on LMT, Lattelecom strategy

Published 13 Jul 2018 09:45 CET | Latvia
Telia Company's CEO Johan Dennelind and the Prime Minister of Latvia Maris Kucinskis have signed a memorandum of understanding on ...

Telia Latvia gets new country manager

Published 19 Apr 2018 21:16 CET | Latvia
Telia Company has appointed Kennet Radne as Telia Company's country manager in Latvia, with responsibilities for Telia Latvia, ...

Lattelecom revenues up, EBITDA stable in 2017

Published 30 Jan 2018 13:26 CET | Latvia
Revenues of Latvian fixed operator Lattelecom totaled EUR 195.67 million in 2017, up by EUR 2.4 million from 2016. EBITDA ...

LMT to focus on new services in 2018

Published 28 Dec 2017 09:21 CET | Latvia
Latvian mobile operator LMT plans to focus on new business trends in 2018, reports Db.lv citing Juris Binde, the CEO of the ...

LMT gets spectrum for 5G

Published 30 Nov 2017 11:39 CET | Latvia
Latvian national telecommunications regulator SPRK has allocated two frequency bands for 5G services to the mobile operator LMT, ...