Lithuania’s Competition Council has conditionally approved an application from mobile operator Bite for the acquisition of MEZON, the retail broadband and IPTV business of state-owned Lithuanian Radio and Television Centre (LRTC, also known as Telecentras). In July 2020 Bite applied for authorisation to acquire the entire MEZON business, which consists of services provided under that brand and assets used to provide these services, such as the telecoms network, radio frequencies, customer base, sales network and the contracts with the employees. While approving the acquisition, the Competition Council ruled that Bite must not lease or transfer MEZON’s 2.3GHz and 2.6GHz frequencies to Centuria, its joint infrastructure company with Tele2. The conditions are aimed at preserving effective competition in the country’s telecoms sector.
As previously reported by CommsUpdate, Telecentras signed an agreement to sell its internet, data transmission and IPTV business to Bite for more than EUR20 million (USD23.5 million) in May 2020. Bite, which is managed by US private equity fund Providence Equity Partners, says it aims to complete the acquisition by the end of this month.