Mid Europa eyes sale of Bite

18 Nov 2014

Private equity fund manager Mid Europa Partners is looking to sell telecoms group Bite, which provides mobile services in Lithuania and Latvia, writes Finance Net, citing a report by Eversus.lt. According to unnamed sources, a sale of the company could take place early next year, with Sweden’s Tele2 named as a potential buyer of the Bite group. In June it was reported that Mid Europa Partners had enlisted Goldman Sachs to carry out a strategic review of Bite. TeleGeography notes that Mid Europa has recently offloaded its stakes in T-Mobile Czech Republic (February 2014), SBB/Telemach Group (March 2013) and Orange Austria (January 2013). Other divested Mid Europa assets include: Aster of Poland (sold in September 2011), MobiFon (Romania, March 2005) and Oskar Mobile (Czech Republic, March 2005).

Latvia, Lithuania, Bite Latvia, Bite Lithuania