TGS Baltic has advised Tet on its acquisition of shares in Telia Latvija. Ellex advised the sellers on the deal.
The transaction value is EUR 10.75 million, including refinancing of a Telia Company loan.
Tet is a technology and entertainment company. The Tet Group also includes Citrus Solutions, Data Experts, Helio Media, Lattelecom, and Baltijas Datoru Akademija (Baltic Computer Academy).
Telia is a telecommunications company operating in the Nordic and Baltic countries.
TGS Baltic’s team was led by Partner Nauris Grigals.
The Ellex team in Latvia included Senior Partner Raimonds Slaidins, Associate Partner Maris Brizgo, Senior Associate Edvijs Zandars, and Junior associate Gabriela Fomina.