Lat­vian gov­ern­ment de­cided against merg­ing LMT and Lat­t­ele­com

Baltic News Network - - News -

On Tues­day, 7 Novem­ber, Lat­vian gov­ern­ment de­cided not to sup­port the merge be­tween Latvi­jas Mo­bi­lais tele­fons and Lat­t­ele­com. As it is known, Econ­omy Min­istry had sub­mit­ted a re­port for re­view to the gov­ern­ment on fu­ture plans for Lat­t­ele­com and LMT shares. Yes­ter­day it was men­tioned at a meet­ing of coali­tion part­ners that the gov­ern­ment may not sup­port the merg­ing of the two telecom­mu­ni­ca­tion op­er­a­tors. The Na­tional Al­liance viewed this mat­ter at a meet­ing of the party’s board. In the end, the party de­cided to op­pose the merge. Roberts Zīle told LETA af­ter the meet­ing that un­til now there has not been a sin­gle ar­gu­ment in favour of the merge. Au­gusts Brig­ma­nis, head of the Union of Greens and Farm­ers Saeima fac­tion, said af­ter the coali­tion part­ners meet­ing that it would be more log­i­cal to op­pose the merge un­der the cur­rent sit­u­a­tion. He added that there are too many unan­swered ques­tions and uni­fied po­si­tion on the mat­ter within the coali­tion.

It was pre­vi­ously said that Scan­di­na­vian telecom­mu­ni­ca­tions com­pany Telia had warned Lat­vian gov­ern­ment that if the merge be­tween LMT and Lat­t­ele­com does not go through, the com­pany would sell its shares in those two com­pa­nies, ac­cord­ing to the in­for­ma­tion de­tailed in the let­ter sent by Telia Se­nior Vice- Pres­i­dent Robert An­der­son to the Lat­vian gov­ern­ment.

Telia Group com­pa­nies Son­era Hold­ing and Telia Com­pany own a to­tal of 49% shares in LMT. An­other 28% of shares in LMT are owned by Telia and Lat­t­ele­com.

Telia Group com­pany Tilts Com­mu­ni­ca­tions owns 51% of shares in Lat­t­ele­com. Lat­vian state owns 49% in Lat­t­ele­com.

Ieva Čīka/LETA

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