Lietuvos radijo ir televizijos centras AB (hereinafter – Telecentras) and UAB Bitė Lietuva (hereinafter – Bitė) have signed an agreement according to which Bitė acquires Telecentro’s Internet, data transmission and IPTV business, which is being developed under Mezon brand.
Bitė Lietuva’s offer was chosen because it offered the highest price, more than 20 million euros, and best met the requirements of the purchaser. The agreement has yet to be approved by the Competition Council and other market surveillance authorities.
“Telecentras is selling the Mezon business because it links its future to core activities – transmission of television and radio programs – and ...