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Cobalt and CEE Attorneys Advise on cGates Acquisition of Splius Telecommunications

Cobalt and CEE Attorneys Advise on cGates Acquisition of Splius Telecommunications

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Cobalt has advised Lithuania’s second largest television and Internet services provider, UAB Cgates, on its acquisition of telecommunications company Splius. CEE Attorneys advised the shareholders of Splius on the transaction, which remains subject to the approval of the Lithuanian Competition Council. The transaction value was not disclosed.

Splius is a provider of TV and Internet services in northern and western Lithuania. UAB Splius and VsJ Siauliai plius are part of Splius group, which has been operating for more than 20 years. According to Cobalt, with the acquisition of Splius, Cgates will add 90 thousand new customers. Cgates now provides Internet, TV, and telephone services to more than 250 thousand customers across Lithuania. 

Cobalt’s team was led by Partner Juozas Rimas and included Senior Associate Inga Mazvilaite.

The CEE Attorneys team consisted of Partner Inga Kostogriz-Vaitkiene and Junior Associate Ieva Zablackaite.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


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