Baltcom set to expand

05.13 Europe/London, November 14, 2011 By Chris Dziadul

The leading Latvian cable operator Baltcom has secured long-term credit of €28 million from funds linked to SEB Bank.

According to the operator, it has been obtained for a period of seven years and will be used to expand and develop its fibre-optic network.
Baltcom has already announced plans to triple the size of the network and the number of homes it reaches by 2015, as well as extending its offer to include the large number of HD channels in the Latvian market.
Baltcom is backed by RPAX SA, a company set up by AXA Private Equity and Resources Partners, and provides triple play services to over 140,000 households.