Govt rejects LMT, Lattelecom merger

21 Apr 2016

Plans to merge mobile provider Latvijas Mobilais Telefons (LMT) and fixed line operator Lattelecom – both of which are partly owned by the Latvian state and Sweden’s Telia Company (previously TeliaSonera) – have been rejected by the Latvian government, lsm.lv reports. The Swedish group submitted the proposals in November last year, stating that a merger would improve efficiency and the quality of service offered to customers. No reason was given for the rejection, although the anti-trust regulator had previously voiced concerns that combining the two companies would influence service quality and prices. Going forward, Minister of the Economy Arvils Aseradens was cited as saying that the privatisation agency will be contracting an independent consultant to review the telecoms market and suggest future courses of action.

Latvia, Latvijas Mobilais Telefons (LMT), Telia Company, Tet (Lattelecom Group)