The news was reported in the Lithuanian news source vz.lt.
TeliaSonera, which already owns 60% of the Lithuanian company, offered LTL 527 million 153 million Euro) for all outstanding shares in TEO LT in August. At that time, the offer was valued at 30% over the daily closing share price.
TeliaSonera, a Swedish company and leading telecommunications company in the Baltic/Nordic region, made a similar offer regarding Estonian company Eesti Telekom in August.
The Film New Europe (FNE) Association is the networking platform for film professionals in the CEE/SEE/Baltics region. The webportal and FNE newswire was chosen as the MAIN TOOL to achieve the network’s objectives of the sharing of know how, visibility of regional cultural diversity and finally the VOICE of the region.
FNE’s objectives include VISIBILITY for the region and AUDIENCES for films by providing a special focus on the region.