CSC Telecom snaps up two smaller competitors

9 Mar 2015

Lithuanian fixed line operator CSC Telecom has acquired 100% of the shares in Telekomunikaciju Grupe, and has purchased the customer base of Digitela, reports Verslo Zinios. ‘Although the market is shrinking due to the changing needs of customers, we strive to continually improve the package of services provided to customers and thus increase the volume of business,’ CSC Telecom director Maksimas Staskunas was quoted as saying. ‘We are actively and constantly looking for opportunities to expand the business by acquiring other companies offering fixed line services,’ he added, without disclosing the value of the transactions. TeleGeography’s GlobalComms Database states that CSC Telecom is part of the Top Connect group, which is based in Estonia. In June 2011 CSC Telecom completed the acquisition of Eurocom SIP, one of the largest alternative fixed line operators in Lithuania.

According to the Communications Regulatory Authority (RRT), CSC Telecom accounted for the second highest market share of revenue from domestic long-distance calls (3.1%), international calls (10.4%) and calls to mobile networks (3.3%) in the third quarter of 2014. In terms of subscribers, the alternative operator was also second in the public fixed telephone market behind TEO LT, but only accounted for 3.2% (less than 20,000) of all customers at that date.

Lithuania, CSC Telecom (Lithuania)