Dokeda merged into Init, Meganet brand to be phased out

2 Jul 2015

Lithuanian regional cable operator Dokeda has been merged into fixed telephony, broadband and cable TV provider Init, reports Verslo Zinios. In May this year Init completed the purchase of 100% of shares in Dokeda, strengthening the firm’s position in the fibre-optic internet market and enabling it to enter two new cities, as well as improve internet service for existing customers. Dokeda, which was established in 1999, offers telecoms services under the name Meganet, although Init CEO Paulius Zivatkauskas said the brand will be gradually phased out. Dokeda provides fibre-optic broadband internet access, cable television and IPTV services in the four cities of Vilnius, Kaunas, Mazeikiai and Jonava, while Init operates in Vilnius, Kaunas, Druskininkai, Birstonas, Lentvaris and Pagiriai. No financial details of the deal have been disclosed.

Lithuania, Init