Bite challenges Competition Council decision on TEO, Omnitel merger

9 Dec 2015

Bite Lithuania, the country’s third largest mobile network operator (MNO) by subscribers, has challenged a decision by the Competition Council of Lithuania which asserted that a merger between Omnitel and TEO LT does not require approval from the antitrust watchdog, reports Verslo Zinios. In October Swedish telecoms group TeliaSonera announced plans to combine its two Lithuanian subsidiaries, fixed line operator TEO LT and mobile phone company Omnitel, in a move that will see the former acquire the latter for EUR220 million (USD239 million) on a cash and debt free basis. The following month, the Competition Council said that the transaction does not require its approval, as both TEO LT and Omnitel are controlled by TeliaSonera. However, on 3 December Bite asked the Vilnius Regional Administrative Court to annul the Competition Council’s decision.

Lithuania, Bite Lithuania, Omnitel, Telia Company, Telia Lietuva