• Subscribe to our Daily News Emails
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Finland’s Elisa to buy Starman

December 14, 2016 09.19 Europe/London By Chris Dziadul

ElisaThe Finnish telco Elisa is to acquire a 100% stake in Starman, the leading cable operator in the Baltic Republics, for €151 million.

At the same time, reports the Baltic Course, the two vendors – Polaris Invest, a company owned by Indrek Kuivallik, and Com Holding – will gain control of Cgates, the second largest cable operator in Lithuania.

Polaris Invest and Com Holding have become the majority owners of Starman following East Capital’s sale of its stake in the operator to Polaris Invest.

In a statement, East Capital Explorer says it has completed the sale of its 63% stake in Starman to Polaris Invest, hitherto a minority shareholder in the operator, exercising its pre-emption right. The transaction, originally announced on March 14, 2016 as a sale to Providence Equity, values Starman at an enterprise value of €208 million.

Meanwhile, Elisa’s acquisition of Starman, from its new majority owners, is subject to the approval of Estonian competition authorities, as well as other usual terms and conditions. Elisa expects the deal to close in Q1 2017.

Following its closure, Starman and CGates, which are currently part of the same group, will be separated.

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Related

Filed Under: Central & East Europe, Newsline, Top Story Tagged With: Cgates, Elisa, Estonia, Finland, Lithuania, Starman Edited: 16 December 2016 09:11

Avatar photo

About Chris Dziadul

Latest News

  • Channel 4’s social media Food & Drink channel serves up 4.8m views
  • Ofcom revises procedures for investigating broadcast and on demand licence breaches
  • Friend MTS to provide anti-piracy services to Indonesia’s MNC Group
  • LFP: Canal’s role restricted to that of distributor
  • Mediacom takes Harmonic Unified DOCSIS 4.0 platform

Most Popular

  • Altice France files for bankruptcy protection
    Altice France files for bankruptcy protection
  • Sky, Channel 4 and ITV to launch premium video advertising marketplace
    Sky, Channel 4 and ITV to launch premium video advertising marketplace
  • Viaplay Group launches dedicated sports channel
    Viaplay Group launches dedicated sports channel
  • Eutelsat planning capital increase to become European Starlink
    Eutelsat planning capital increase to become European Starlink
  • Prime Video to screen Premier League in the Netherlands
    Prime Video to screen Premier League in the Netherlands
  • UK to invest £380 million in creative sector
    UK to invest £380 million in creative sector
  • Ampere: Netflix to gain 8.2m new subs after Canal+ deal
    Ampere: Netflix to gain 8.2m new subs after Canal+ deal

White Paper

White Paper: Why Wi-Fi 7 is critical for ISPs in the gigabit+ era

Today, consumers are increasingly using bandwidth-intensive and latency-sensitive workloads, such as 4K and 8K streaming, online gaming, and AR/VR applications. As a result, Internet Service Providers must update their networks and by extension Wi-Fi experiences and performance. … [Download the White Paper ...]

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Editorial

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Commercial

Arundel View Cottage
Wepham
West Sussex
BN18 9RA
sales@broadbandtvnews.com

Connect with Us

 

Copyright © 2025 Broadband TV News LLP · Log in

 

Loading Comments...
 

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OK