Companies / Latvia
TeliaSonera Wins Latvian Mobile Operator But Denied Control of Incumbent
May 2006 | Company Finance AlertTeliaSonera, the Swedish-Finnsh telecoms operator, has succeeded in its bid to win complete control of Latvian mobile operator LMT. However, the Latvian government has blocked any attempts by TeliaSonera to increase its stake in incumbent fixed-line operator Lattelekom. Government officials have made it clear that they will not allow a single foreign investor to control both companies. 'Let it be fully clear to both Swedes and Latvians. The answer is an absolute, crystal-clear 'no'. They won't get Lattelekom', said Economy Minister Aigars Stokenbergs, according to local press reports.
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Emerging Europe Telecommunications Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Emerging Europe Telecommunications Insight please click on the trial link below.
