Latvian cable merger revived
December 18, 2012 10.57 Europe/London By Chris Dziadul
A merger between Latvia’s two leading cable operators Baltcom TV and Izzi could again be on the cards.
According to DB, negotiations have taken place between the companies’ owners and an application submitted to the Competition Council, which is required to issue a permit for any deal to go ahead.
Baltcom was established in 1991 and is currently owned by RPAX One SA, Mackonar Impex Limited and the Latvian State Radio and Television Centre.
Izzi, on the other hand, was formed in 1994 and is backed by the Luxembourg-based company Contaq Latvia Cable.
A proposed merger between the two companies was first mooted in summer 2010.
It appeared to be a done deal in early 2011 only to fall through.
December 18, 2012 10.57 Europe/London By Chris Dziadul
A merger between Latvia’s two leading cable operators Baltcom TV and Izzi could again be on the cards.
According to DB, negotiations have taken place between the companies’ owners and an application submitted to the Competition Council, which is required to issue a permit for any deal to go ahead.
Baltcom was established in 1991 and is currently owned by RPAX One SA, Mackonar Impex Limited and the Latvian State Radio and Television Centre.
Izzi, on the other hand, was formed in 1994 and is backed by the Luxembourg-based company Contaq Latvia Cable.
A proposed merger between the two companies was first mooted in summer 2010.
It appeared to be a done deal in early 2011 only to fall through.