Latvia's telecommunications sell-off

  • 2007-08-15
  • Interview by Talis Saule Archdeacon
The long awaited privatization of Latvia's major telecommunications and telephone companies is finally becoming a reality. The deal envisages the government receiving as much as 425 million lats (607 million euros) for the sale of its shares in two major companies: the LMT mobile phone company would go to Scandinavian TeliaSonera, and telecommunications company Lattelecom would fall into the hands of its management. The Baltic Times caught up with Lattelecom CEO Nils Melngailis to find out the status of the deal just as the company was preparing to sign a document outlining the process it...
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