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Thursday, 28.03.2024, 11:02
Telia Lietuva buying Duomenu Logistikos Centras
"During the sales process, we were searching for a strategic investor
who could increase the value of the company and receive added value himself by
consolidating similar operations. The deal has been signed with| Telia Lietuva, which offered conditions
that best answered our expectations," Dalius
Misiunas, Lietuvos Energija's
CEO, said in a press release.
The DLC sales process should be
finalized in early 2018 after receipt of a green light from the competition
watchdog. The sum of the deal will be withheld until then.
Telia Lietuva's CEO Kestutis Sliuzas said DLC would help develop the company's
business.
"Acquisition of one of the most modern and advanced data
communications and hosting operators in the Baltic states is an opportunity for
us to develop cloud, IT and telecommunications business, as well as develop
innovative services for our clients," Sliuzas said.
The DLC sales process was
initiated in mid-November of 2016. Lietuvos
Energija sold a 79.76-% stake in the center, while Litgrid sold 20.36%.