TeliaSonera announced today that its wholly owned subsidiary, Amber Mobile Teleholding, has reached an agreement with Motorola Lithuania Telecom Inc to acquire Motorola’s 35 percent shareholding in Lithuania’s UAB Omnitel for $117 million.
The acquisition is subject approval by the Lithuanian Competition Council. Once today’s transaction is concluded, TeliaSonera will hold 90 percent of the shares in Omnitel.
Since the merger between Finnish Sonera and Swedish Telia in December 2002, TeliaSonera has pursued its aim of strengthening TeliaSonera as the leading mobile and fixed-line telecom operator in its core market, the Nordic-Baltic region.
‘The Omnitel deal is a clear manifestation of our strong long-term commitment to the region,’ said TeliaSonera’s CEO Anders Igel.
UAB Omnitel, which was the first private telecommunications company established in Eastern Europe, is the largest mobile operator in the Baltic countries with 905,000 subscribers at the end of June 2003. The company presently has an overall market share of approximately 50 percent.
‘Omnitel has given an impressive performance and we are convinced that it will continue to contribute to the TeliaSonera Group as a whole. The strengthening of ties with TeliaSonera will secure the future knowledge transfer and services development,’ said Kenneth Karlberg, President of TeliaSonera Norway, Denmark and the Baltic countries.