Latvia: JPMorgan to advise on Tet, LMT buyout

A consortium led by US-based JPMorgan will advise on the Latvian state’s buyout of Swedish telecommunications group Telia’s shares in the Latvian telecommunications companies, Tet and Latvijas Mobilais Telefons (LMT), BNS reports. Under the agreement, the consortium, which besides JPMorgan includes A&O Shearman, Deloitte, Hardiman Telecommunications, TEGOS, and WALLESS, will advise Latvia’s state-owned energy group, Latvenergo,…

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Latvia: Regulator halts LVRTC’s mobile telephony services tender

Latvia’s Procurement Monitoring Bureau (IUB) has barred the state-owned provider of electronic communication services, Latvian State Radio and Television Centre (LVRTC), to continue procurement and sign contracts for mobile telephony services, LETA reports. IUB told LVRTC to change the procurement rules. Earlier, mobile telecommunications operator Bite Latvija complained about the terms of LVRTC’s procurement, saying…

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