Porta Finance advises Telecentras on the sale of Mezon to Bitė
Porta Finance advises Lietuvos Radijo Ir Televizijos Centras AB (“Telecentras”) on the sale of business operating under Mezon brand name to Bitė
The business operating under Mezon brand name encompasses internet, data transmission and IPTV services in Lithuania.
Internet and data transmission services provided by Telecentras with the brand Erdvės (since 2001) and Mezon (since 2009), occupies about 2 percent of Lithuanian telecommunications market. 97,000 customers use Mezon internet services, and over 11,000 customers watch Mezon TV, broadcasted via the wireless Internet network (IPTV via LTE). The company operates 2,750 base stations, of which 800 are LTE base stations. Mezon customer service network consists of 11 showrooms and about 150 partner points.
The transaction is subject to approval of Competition Council of Lithuania and other relevant regulatory authorities.
Porta Finance advised Telecentras on financial aspects of transaction, including discussions with potential investors, coordination of due diligence and negotiations of transaction documentation.
Telecentras is a state-owned joint-stock company providing radio and television program transmission, data transmission, internet, smart television, data centre and telephony services throughout Lithuania. Bitė Group is a leading telecommunications and media group in the Baltic States, providing mobile, internet and television services and developing smart solutions for private and business customers. Bitė Group is managed by the US private equity fund Providence Equity Partners.
Further information:
Adomas Navickas
Partner, Porta Finance
Tel: +370 612 72 976
Adomas.Navickas@portafinance.com
