TeliaSonera strengthens Baltic presence

By Chris Dziadul
October 13, 2009 12.05 UK

TeliaSonera has raised its stake in the Estonian incumbent telco Eesti Telekom to 97.8%.

At the same time, it has increased its ownership in the Lithuanian incumbent TEO LT to 68.08% of voting shares and 64.9% of shares.

Both Eesti Telekom and TEO LT are leading players in their respective pay-TV markets.