Baltcom acquires ISP MITS LV

1 Sep 2020

Latvian telco Baltcom, part of the Bite Group, has acquired 100% of the shares in smaller ISP rival MITS LV, based in the capital Riga. Baltcom notes that the deal also includes the latter’s subsidiary, Esteria79. As a result of the takeover, MITS LV and Esteria79 subscribers will receive access to the Gigabit download speeds currently received by Baltcom customers. According to Baltcom’s press release, the purchase agreement was signed on 31 July; the value of the takeover has not been disclosed.

Latvia, Baltcom, Bite Latvia