Tag Archives: Televorgu AS

TARK GRUNTE SUTKIENE advises Tele2 Eesti on acquisition of Televõrgu AS

On 16 January, Tele2 Eesti and the state-owned energy giant Eesti Energia entered into an agreement for the purchase of Eesti Energia’s subsidiary Televõrgu AS for EUR 25 million. Being one of Estonia’s leading telecommunications companies, Televõrgu AS operates a nationwide fibre-optic telecommunications network and offers wireless internet access services named Kõu. The transaction will be closed after permission has been received from the Estonian Competition Authority.

Televõrgu AS was established in 2001. Until 2025, the company will have in its possession 1,600 kilometres of fibre-optic telecommunications network and 135 base stations allowing for rapid transmission of huge volumes of data and voice communication throughout Estonia. Through the Baltic Optical Network alliance, Televõrgu AS is also a leading data communication operator in the Baltic countries.

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