Cgates finalises KAVA acquisitions

13 Oct 2015

Lithuanian telecoms company Cgates says it has completed the acquisition of five units of fibre-optic network operator KAVA, including the brands KAVA, Kavamedia, Alpha Komunikacijos, Dinetas and Kapsule. In a deal first announced in July, Cgates said the acquisition of KAVA would increase its household coverage by around 30% and strengthen its market position as the second largest fixed broadband and television operator in the country. KAVA provides telecoms services to more than 20,000 customers in Vilnius, Klaipeda, Siauliai and Panevezys, with a network passing around 100,000 households across the four cities.

TeleGeography’s GlobalComms Database notes that Cgates provides cable and digital television, fixed telephony and fibre-optic broadband internet to around 200,000 customers in twelve cities, including Vilnius, Alytus, Marijampole, Vilkaviskis, Silute, Lentvaris and Kaunas. Its infrastructure currently passes around 300,000 homes. In February 2015 Starman acquired 100% of Cgates in a deal that also saw the Estonian cableco’s owner – Swedish investment group East Capital Explorer – increase its ownership in Starman from 51% to 63%.

Lithuania, Cgates