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,…
Finnish police have arrested two crew members of a cargo ship suspected of severing Finnish telecommunications operator Elisa’s undersea data cable in the Gulf of Finland, YLE reports. In addition, two more crew members were issued with travel bans. Three informed sources told Helsingin Sanomat that there was no indication of Russian involvement in the…
Police in Finland have detained a cargo ship and its crew suspected of breaking two undersea data cables in Estonia’s exclusive economic zone in the Gulf of Finland, ERR reports. Finnish telecommunications operator Elisa detected a fault in its data cable in the early morning hours of 31 December 2025. Estonia’s Ministry of Justice and…
The Latvian parliament, the Saeima, will begin work on legislation to improve consumer protection against financial fraud, Anda Caksa, chairwoman of the parliament’s budget and finance committee, announced, LETA reports. Speaking after a meeting with representatives of the Finance Latvia Association (FNA), Caksa said that legislative changes were needed so as to require mobile operators…
Finland’s Helsinki District Court has concluded that it has no jurisdiction in the criminal case over the severing of undersea power and data cables in the Gulf of Finland in December 2024, YLE reported. In the case, the captain and two shipmates of the Eagle S oil tanker were charged with aggravated sabotage, aggravated interference…
Altogether 564,800 households in Estonia, which is 95% of all households, now have internet access, which is 20,000 more than in 2024, according to Statistics Estonia’s survey, Estonian World reports. The survey shows that almost 100% of people aged 16-54 years use the internet. Also, internet use has increased markedly among the elderly as people…
Latvia finally launched an early warning or cell broadcast system on 1 July 2025 after delays in the procurement process, LETA reports. The system was developed by Meditec for EUR 3.4mn under a contract with the Ministry of Interior’s Information Centre. The system will warn residents and visitors about natural disasters, military threats, or other…
The combined revenues of Estonia’s three largest telecommunications service providers dropped to around EUR 671mn in 2024, ERR reports. Estonia’s leading telecommunications company, Swedish-owned Telia, reported an annual turnover of EUR 359.7mn, which was down 0.4% from 2023. Finnish-owned Elisa’s turnover fell by 1.2% to EUR 223mn in 2024. Swedish-owned TELE2’s turnover amounted to an…
Finnish President Alexander Stubb and Estonian Prime Minister Kristen Michal will host a summit of Baltic rim NATO countries in Helsinki on 14 January 2025 to discuss the security of critical undersea infrastructure and Russia’s shadow fleet, ERR reports. Political leaders from all Baltic rim NATO countries, NATO Secretary General Mark Rutte, and European Commission…