M&A Deal Summary

Tet Acquires Telia Latvija

On January 4, 2022, Tet acquired communications company Telia Latvija from Telia for 11M EUR

Acquisition Highlights
  • This is Tet’s 1st transaction in the Communications sector.
  • This is Tet’s 0th largest (disclosed) transaction.
  • This is Tet’s 1st transaction in Latvia.

M&A Deal Summary
Date 2022-01-04
Target Telia Latvija
Sector Communications
Buyer(s) Tet
Sellers(s) Telia
Deal Type Divestiture
Deal Value 11M EUR

Target

Telia Latvija

Rīga, Latvia
Telia Latvia is a B2B (business-to-business) telecom services provider that offers large businesses across Latvia solutions within four service segments: telecommunications services, cloud services, data center solutions, and media solutions. Telia Latvia was formed in 1992 and is based in Rīga, Latvia.

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Buyer(S) 1

Buyer

Tet

Riga, Latvia
Category Company
Sector Business Services
DESCRIPTION

Tet is a local technology and entertainment operator in Latvia, offering a full range of ICT and pay-TV services to households, businesses, the government and municipal institutions, as well as electricity and other services. Tet is based in Riga, Latvia.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
Country (Latvia) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Telia

Solna, Sweden
Category Company
Founded 1853
Sector Communications
Employees17,790
Revenue 88.8B SEK (2023)
DESCRIPTION
Entrance to TeliaSonera's corporate headquarters in central Stockholm.
Entrance to TeliaSonera's corporate headquarters in central Stockholm.

Telia provides network access and telecommunication services that help people and companies communicate in an easy, efficient and environmentally friendly way. Telia was founded in 1853 and is based in Solna, Sweden.

DEAL STATS #
Overall 4 of 4
Sector (Communications) 3 of 3
Type (Divestiture) 4 of 4
Country (Latvia) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-31 Valokuitunen

Helsinki, Finland

Valokuitunen builds, owns and maintains fiber optic networks throughout Finland. Valokuitunen is based in Helsinki, Finland.

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