Teo €220 million acquisition of Omnitel

Overview:

• Teo, Lithuania's largest integrated telecoms, IT and television services provider, acquired the country's second-largest mobile operator Omnitel for €220 million from TeliaSonera.
• Following the acquisition, Teo and Omnitel merged their operations.
• According to those who worked on the deal, this was the largest Lithuanian transaction in 2015.

Jon Moore - Journalist