We advised telecommunications company Bitė on signing an agreement with the Lithuanian Radio and Television Centre (Telecentras) on the acquisition of Telecentras‘ internet, data transmission and IPTV business under the Mezon brand. The transaction, valued over EUR 20 million, has to be approved by the Competition Council and regulatory authorities.
Mezon internet used by 97,000 customers
Mezon internet and data transmission services make up approx 2% of the total Lithuanian telecommunications market. 97,000 customers use Mezon internet services, and over 11,000 customers watch Mezon TV, which is broadcasted via the wireless internet network (IPTV via LTE). It is planned to gradually integrate Mezon’s business into Bitė Lietuva.
Our services and team
We are advising the client on all issues related to the transaction, including representation in the sales process, legal and tax due diligence, negotiations on transaction documents and preparation of reports for the Competition Council and supervisory authorities. The client is being advised by partners Laimonas Skibarka, Daivis Švirinas and Saulė Dagilytė, counsel Stasys Drazdauskas, senior associates Jonas Kiauleikis, Vytautas Sabalys, Monika Mališauskaitė-Vaupšienė, Rasa Mikutienė, associate Dobilė Minkutė, and others.
