Cgates seeks approval for further acquisitions

10 May 2016

Cgates, Lithuania’s second largest fixed broadband operator, is seeking to further expand its business through the acquisition of another smaller provider, Telekomunikaciniu Paslaugu Grupe. According to a notice on the Competition Council of Lithuania’s website, Cgates has applied for permission to acquire 100% of the shares in the company, which provides internet, telephony and TV services in Panevezys. Last week Cgates announced the takeover of smaller cableco Remo Televizija, operating in the cities of Elektrenai and Kaisiadorys, where its network covers around 7,500 households. The deal followed Cgates’ October 2015 purchase of fibre-optic network operator KAVA, which provided 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. The acquisition of KAVA increased Cgates’ network coverage by 30% to 400,000 homes.

Lithuania, Cgates