Estonia’s Starman is examining the possibility of buying a mobile operator, according to Toomas Tiivel, its group chief commercial officer.
Speaking in a panel discussion entitled Quad-play: the regional market perspective, he added that the company has been in discussions about a possible acquisition. Tiivel also said that having established a presence in Lithuania, Starman is now also looking to do so in Latvia.
In its home market Estonia, Starman’s cable network covers some 300,000 homes, or around 55% of the country’s total. Meanwhile, in Lithuania it reaches around a third of the country’s 1.2 million households.
Starman is majority owned by East Capital Explorer and last December acquired Cgates, Lithuania’s leading cable and broadband provider, for €56.3 million. Cgates subsequently acquired a regional Lithuanian operator named Kava in July this year.
Both moves are seen as steps towards creating a leading pan-Baltic cable and broadband internet company.