Bitë GSM wins auction for third GSM/UMTS licence

1 Apr 2005

The Lithuanian mobile operator Bitë GSM, which is owned by Danish telecoms operator TDC, yesterday won the auction of Latvia’s third GSM/UMTS mobile telecoms licence, with a bid of LVL6.707 million (EUR9.639 million). Under the terms of the award, the cellco will have to roll out a network over the next twelve months and guarantee a minimum investment of EUR150 million. The government is expected to approve the results of the auction by 19 April: the third network operator has already been allocated 40,000 new mobile numbers. Bitë GSM beat off a rival bid from Latvian businessman Peteris Smidre’s Alina consortium that included the US investment group MVC Capital.