Cgates acquires regional operator TTS

24 Jan 2017

Lithuania’s second largest fixed broadband operator by subscribers, Cgates, has announced a deal to acquire Transteleservis (TTS) for an undisclosed figure, as it continues its strategy to expand in the market through the purchase of smaller regional players. The acquisition of TTS, which provides internet and television services in Visaginas and Pabrade, will add nearly 7,000 customers to Cgates’ subscriber base of around 270,000. Cgates currently operates in the cities of Vilnius, Kaunas, Siauliai, Marijampole, Alytus, Ukmerge, Zarasai, Vilkaviskis, Skuodas, Silute, Kybartai, Trakai, Kaisiadorys, Elektrenai, Lentvaris, Visaginas and Pabrade.

TeleGeography’s GlobalComms Database notes that the latest deal follows Cgates’ purchase of Remo Televizija, based in Elektrenai and Kaisiadorys, in May last year and the subsequent acquisition of Telekomunikaciniu Paslaugu Grupe (TPG) in September, both for an undisclosed sum. TPG provided cable TV and internet services in Panevezys and Ukmerge via subsidiaries Kateka, Elekta and Teletinklas, which had a combined customer base of around 30,000.

Lithuania, Cgates