The Lithuanian Telia-backed incumbent Teo/Omnitel ended the first quarter with 172,000 IPTV subscribers, or 24.3% more than in the same period in 2015.
Lithuanian telco market consolidates
The Lithuanian incumbent Teo has acquired a 100% stake in Omnitel from its current shareholder TeliaSonera for €220 million on a cash and debt free basis.
TeliaSonera consolidates in Lithuania
The Lithuanian incumbent Teo is to acquire the mobile operator Omnitel from its current shareholder TeliaSonera for €220 million on a cash and debt-free basis.