Äripäev reports that the latter, which is currently wholly owned by Vjacheslav Rabotchev, has become a take-over target for the telco Elisa.
Furthermore, just last week it was reported that STV was planning to bid €37 million for Starman in a proposed deal financed by the Carlyle Group.
It was reported to be planning to buy ProGroup Holding in order to enter the mobile market.
Starman has since officially denied that it will be bought by STV.
Starman was established in 1992 and is today Estonia’s largest cable operator, as well as second largest internet and phone service provider.
Its network covers around 45% of Estonian households and it also operates the DTT service ZUUMtv.
STV was meanwhile founded in 1995 and is today firmly established as the country’s second largest cable operator.