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Announced

Completed

Tet completed the acquisition of Telia Latvia from Telia for €10m.

Financials

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Transaction Value£9m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA10x
Share Price Premium-
One Off Charge-

Tags

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Acquisition

internet services

Latvia

Single Bidder

Private

Majority

Domestic

Friendly

Completed

Internet

Synopsis

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Tet, a Latvian internet service provider, completed the acquisition of Telia Latvia, an internet services provider, from Telia, a multinational telecommunications company, for €10m. “We are pleased that we have now completed the sale of Telia Latvia to Tet. With this acquisition, Tet strengthens its position within the enterprise segment given Telia Latvia’s network, technology assets and highly skilled employees. Latvia is an interesting ICT market and Telia remains committed to continue contributing to the digitalization of Latvia through our engagement in Tet and LMT," Andreas Ekström, Telia Head of Latvia.

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