LVRTC prepared to financially engage in acquisition of Tet capital shares

Latvian State Radio and Television Centre (LVRTC) expresses its willingness to financially engage in the redemption of the shares of the technology company LLC “Tet”, owned by the Swedish company “Telia”, said Girts Ozols, Chairman of the Board of the LVRTC, during the discussion “What to expect from the changes in the Internet communications market, potentially changing the owners of the “Tet”?”, held by LETA on Wednesday.

He pointed out that the LVRTC is ready to offer a significant proportion of the necessary funding, as well as the fact that “the company has free resources that it would be happy to invest in the information and communication technology sector”.

At the moment, we are not talking about very in-depth scenarios, but the negotiations are still at a strategic level, Ozols emphasized.

The discussion “What to expect from the changes in the Internet communications market, potentially changing the owners of “Tet”?” can be watched on the LETA website.

Participants of the discussion include Ģirts Ozols, Chairman of the Board of the LVRTC; Skaidrīte Ābrama, Chairperon of the Economic, Agricultural, Environmental and Regional Policy Committee of the Saeima; Andris Melnūdris, Chairman of the Board of the Latvian Information and Communication Technology Association, and Dmitrijs Nikitins, Broadband Infrastructure Director of LLC “Bite Latvija”.

It was previously reported that the government agreed on further scenarios in negotiations with the telecommunications company “Tet” and the other shareholder of LMT – “Telia” at a closed meeting on the 16th of July. The government instructed the Ministry of Economics to conduct these negotiations. Earlier, the TV3 program “Nekā personīga” reported that this year on the 11th of September, negotiations between the Latvian state and “Telia” about the future of LMT and “Tet” began in person.