Telia Company AB has announced a memorandum of understanding (MoU) to divest its Latvian operations by selling all its shares in the fixed network operator Tet and the mobile network operator LMT. The MoU is signed with the Republic of Latvia, Latvenergo, and LVRTC. The parties involved aim to finalize the agreement by the end of 2025, with the transaction expected to close in the first half of 2026. Telia Company President and CEO Patrik Hofbauer expressed satisfaction with the agreement, highlighting it as a significant step towards allowing Tet and LMT to develop under a new ownership model, benefiting their customers and stakeholders.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telia Company AB published the original content used to generate this news brief via Cision (Ref. ID: 20250717:BIT:1037:0) on July 17, 2025, and is solely responsible for the information contained therein.