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LMP President: proposal for LMT and Lattelecom merge was only politically discussed

Juris Binde/flickr.com/Latvijas prezidentūras Eiropas Savienības Padomē sekretariāts.
Only political discussions were held proposal on the merge between Latvijas Mobilais Telefons and Lattelecom, and it is good that this matter has been taken off the agenda, said LMT President Juris Binde in an interview to Rīta Panorāma programme of LNT.

He is happy that the government made the decision against merging the two telecommunications companies. He says only political discussions were held in regards to this proposal. He refused to comment in whose favour those discussions were held.

Binde notes that both companies have to continue their respective strategies and efforts to develop technologies to make Latvia even more competitive.

When asked about the lack of information and communications technologies specialists in Latvia, Binde said that the situation should not be over-dramatized. The deficit of ICT specialists is present in all countries of the world and the ‘fight for brains’ is constantly present.

On 7 November, Latvia’s government decided against merging LMT and Lattelecom. The Cabinet of Ministers decided against Economy Ministry’s solution – start cooperating with Telia Company about the possible merge of the two companies and the state getting 51% of shares.

Telia Group companies Sonera Holding and Telia Company own 49% of shares in LMT. Latvian state owns 28% through Latvian Radio and Television Centre and Privatization Agency. Another 23% of shares in LMT are owned by Telia and Latvian state’s joint company Lattelecom.


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