Telia Sale of LMT and Tet Stakes in Latvia Could Be Signed by Year's End

Telia sale of LMT and Tet stakes in Latvia could be signed by year's end

Once the Latvian state regains complete control over the telecoms companies LMT and Tet, it will appoint an international consultancy to help find new investors, reports LSM's Latvian language se...

Telia Company to dispose of Latvian operations

The Latvian state is to take control of Tet and LMT.  Telia Company has signed a memorandum of understanding (MoU) with the Republic of Latvia, Latvenergo and LVRTC to sell all of its shares in fixed network operator Tet and mobile network operator LMT.  “We are pleased to have reached a common view on the best way forward for these great Latvian companies. We have agreed to proceed towards the intended transaction, where our offer to divest our…

Telia makes Latvia exit, Swedish acquisition moves

Telia unveiled an initial agreement to sell its stakes in Latvian mobile operator LMT and fixed player Tet and launched a SEK3.1 billion ($320.1 million) takeover offer for Swedish broadband company Bredband2. For its Latvian assets, Telia signed a memorandum of understanding (MoU) with the Latvian state, Latvenergo and LVRTC to sell its 60.3 per cent stake in LMT and 49 per cent holding in Tet at what it describes as a fair market value. Expect…

Telia signs MoU to divest stakes in Latvian telecom operators Tet and LMT - TelecomLead

Telia Company has signed a memorandum of understanding (MoU) with the Republic of Latvia, Latvenergo, and LVRTC to divest its entire ownership in Latvian telecom firms Tet and LMT. The agreement outlines a clear path toward a full exit, with the final deal expected to be signed by the end of 2025 and the transaction closing targeted for the first half of 2026. Telia currently holds a 49 percent stake in fixed network operator Tet and a 60.3 perc…