Lithuanian# cable deal on horizon

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Lithuanian# cable deal on horizon


Chris Dziadul
December 8,

Tele 2 #is on the verge of selling its cable interests in Lithuania.
According to VZ#, the Swedish company, which employs the C Gates# brand name, is in talks with a number of possible buyers including the incumbent telco TEO LT and cable operators Balticum and Init.

TEO LT#, which is the leading provider of DTT and IPTV services in Lithuania, has confirmed its participation in the talks.

C Gates# currently has around 35,000 subscribers in the capital, Vilnius.

The sale# is being undertaken with the participation of #Swedbank
 
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