Latvia: Government, investors in talks over telecom deal

The Latvian government is holding talks with 23 potential investors on the acquisition of Swedish telecommunications group Telia’s shares in the Latvian telecommunication companies, Tet and Latvijas Mobilais Telefons (LMT), Economy Minister Viktors Valainis announced, LETA reported. He said that there was strong international interest in the deal and that the transaction was progressing largely…

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Latvia: Supreme Court reopens digital TV case

Latvia’s Supreme Court has annulled the Riga Regional Court’s decision to acquit all defendants in the so-called second digital TV criminal case, LETA reports. The defendants include former transport minister Ainars Slesers, chairman of the populist Latvia First (LPV) party, former prime minister, prominent businessman Andris Skele, as well as several former executives at the…

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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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Estonia: Cargo ship damages two data cables in Gulf of Finland

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…

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Latvia: Parliament to discuss stricter regulation against financial fraud

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…

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