Lithuania, Markets and Companies, Mergers and take-overs, Telecomunications

TEO LT takes over the assets, rights and posts of Nacionaline Skaitmenine Televizija (NST) in line with the transference-acceptance act. NST has the right to rebroadcast television channels via digital television networks and provides the digital television service Skaitmenine GALA, informs ELTA.

Moreover, Vilniaus Stock Exchange has reported that Justas Pipinis, who has no shares of TEO LT and has been working in the board of directors of this company since July this year, is stepping down from his post. He is the CEO of East Capital Holding and East Capital International.