“Telia” nosauc savas vēlmes apvienotajā “Tet” un LMT uzņēmumā

Telia seeks Equal Partnership in Potential Latvian⁤ Telecom Merger

Swedish telecom giant telia ‍is eager to become an equal partner with the Latvian government in a ⁤potential merger of state-owned ⁢telecom companies⁤ Tet and ⁣LMT, a ‍company representative told⁣ newsdirectory3.com.

“Telia believes there are attractive opportunities to combine LMT and Tet, creating a ⁢complete fixed and mobile service offering that would be appealing to Latvian customers while generating value for all stakeholders,” said Tobias gillenius,⁤ Telia’s representative.

He emphasized that a structural‌ solution regarding the ownership of LMT and Tet is long overdue. ⁣”Telia has clearly stated its vision for a scenario where the companies are merged, and Telia would be a co-owner and equal ​partner with the​ Latvian government,” Gillenius explained. This partnership would involve active participation​ in the advancement and support of the merged entity.

Gillenius stated that ⁣Telia is open to changes in the ownership structure of ⁣the​ merged company. Currently, Telia holds 60.3% of LMT shares through ⁢direct ‍and⁤ indirect ownership and 49% of Tet shares. If the two companies ​were to merge, Telia’s current holdings would represent⁣ approximately 55% of the merged entity.

“telia is willing to consider ​adjusting its ownership stake in the merged ​company to 50% ⁣under ⁢appropriate terms and conditions,” Gillenius said.

He added that Telia would be open to discussing the acquisition of Latvian-owned Tet and LMT shares if any potential offer did not reflect their true value. Alternatively, Telia could sell its shares⁢ to the Latvian state under​ suitable terms and conditions.Gillenius stressed ‍that maintaining the status quo is the worst-case ​scenario, posing a ‌real risk of diminishing the value for both shareholders.

Latvia Awaits Response on Bid to Acquire Telecom Giants from Telia

Riga,‍ Latvia ‌ – ⁤The Latvian government is awaiting a response from Swedish telecom giant Telia regarding its official offer to purchase‍ the company’s Latvian ​subsidiaries, Tet and LMT.

Economy Minister Viktors Valainis confirmed that the ‌Latvian⁢ Cabinet authorized the Economy Ministry to submit ‌the offer on December 18th. The‌ proposed deal would see ​the Latvian state acquire all shares in both ⁢Tet and LMT,the country’s leading ⁣telecommunications providers.

Valainis emphasized that the details of the potential⁣ deal, ⁤including ‌the purchase price, are confidential‌ and ‍will only ‍be disclosed if Telia formally accepts the Latvian​ government’s offer. As a‍ publicly traded​ company, telia is obligated to disclose‌ such transactions, he‍ added.

The government expects a​ response from Telia within a month.

While the government has a ⁣clear​ vision for the future structure of tet and LMT shoudl the ‌acquisition proceed, Valainis stated that further evaluation would be needed to minimize the impact on the national‌ budget.

When asked about alternative scenarios in case Telia rejects the offer, Valainis indicated that othre possibilities are⁢ being considered‍ but declined to elaborate at this time.

The Latvian government has been exploring various options for ‌the future of LMT and Tet.In November, the Cabinet reviewed over 30⁣ potential development scenarios for⁤ the companies but‌ did not ‌reach a final decision, tasking ‌the Economy Ministry with‌ refining its proposals within a three-week timeframe.

Telia Seeks Equal partnership in Potential Latvian telecom Merger: An Exclusive Interview

NewsDirectory3.com sat down with Tobias Gillenius, Telia’s representative, to discuss the Swedish telecom giant’s vision for the future of Latvia’s telecom landscape.

NewsDirectory3.com: Telia has expressed interest in merging state-owned⁤ telecom companies Tet⁤ and LMT. Can you elaborate on Telia’s position?

Tobias Gillenius: ​ Telia strongly believes that combining LMT and Tet presents attractive‍ opportunities. A merger would ⁢create a complete fixed and mobile service offering that would be highly appealing to Latvian ⁢customers ⁤while generating value for all stakeholders.

We believe a structural solution regarding​ the ownership of LMT and Tet⁢ is long ‍overdue. ⁣Telia⁢ envisions a scenario where the companies merge, and Telia becomes an equal partner with the Latvian government. This co-ownership would involve active participation in the advancement⁢ and support of the merged entity.

NewsDirectory3.com: There’s⁣ been talk about adjusting ownership stakes. Can you provide more details?

Tobias Gillenius: Currently, Telia holds 60.3% of LMT shares, and ‍49%​ of Tet shares. In a merger scenario, thes⁤ holdings would represent approximately 55% of the merged entity. However, Telia is open to adjusting its ownership stake to 50% under appropriate terms and conditions. We are committed to finding a solution that⁢ is fair and beneficial to all parties.

NewsDirectory3.com: What are Telia’s options if ‌the Latvian government pursues full acquisition of LMT‌ and tet?

Tobias Gillenius: ⁤ We are open to discussing⁢ the ⁢acquisition of‍ Latvian-owned Tet and LMT shares if any​ potential offer doesn’t reflect their true value. Alternatively, Telia ‍could consider selling its shares to the Latvian state under suitable terms and conditions.

Maintaining the status quo is the worst-case scenario as it poses a real risk ⁢of diminishing the‍ value for both shareholders.

NewsDirectory3.com: Thank you for shedding light on Telia’s vision ⁤for the Latvian⁣ telecom market.

Tobias Gillenius: My pleasure. we are committed ⁤to working collaboratively with the Latvian government to‌ find a solution that benefits Latvia’s telecom landscape and its consumers.