LMT and Sweden's Telia Company hold talks on buyout of shares
The management of Latvian mobile operator LMT has met representatives of Swedish telecom company Telia Company to discuss a share buyout deal. LMT says the talks were constructive and both sides want to find the best solution.
The management of Latvia's mobile operator SIA Latvijas mobilais telefons (LMT) has met representatives of the Swedish telecommunications company Telia Company to discuss a deal on buying out equity shares. The information comes from LMT itself.
The company describes the meeting as constructive. According to LMT, it confirmed that both sides share an interest in finding the best possible solution.
The headline of the report also says LMT is preparing a solution for buying out Telia's stake and is approaching investors. The source material does not specify the size of the stake, the amount involved, or the timing and terms of the deal.
The statement also does not describe any decisions taken or the next steps.
