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Cobalt Advises Lietuvos Radijo ir Televizijos Centras on Sale of Mezon to Bite Group

Cobalt Advises Lietuvos Radijo ir Televizijos Centras on Sale of Mezon to Bite Group

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Cobalt has advised Lithuania's AB Lietuvos Radijo ir Televizijos Centras - Telecentras on the sale of its data transmission and digital television business developed under the Mezon brand to Lithuania's Bite Group.

According to Cobalt, “Telecentras has about 95,000 Internet service users and provides radio and TV broadcast transmission, data center, IT, infrastructure rental, telephony solutions, and other services."

Cobalt’s team included Partners Elijus Burgis and Rasa Zasciurinskaite and Senior Associates Julija Timoscenko and Justinas Sileika.

Cobalt did not reply to our inquiry on the matter.

Editor's Note: After this article was published CEE Legal Matters learned that Sorainen had advised Bite on the deal. According to Sorainen, the transaction is valued at over EUR 20 million. In addition, the firm reports, "Mezon Internet and data transmission services make up approximately 2% of the total Lithuanian telecommunications market. Around 97,000 customers use Mezon internet services, and over 11,000 customers watch Mezon TV, which is broadcasted via the wireless internet network."

Sorainens's team consisted of Partner Laimonas Skibarka, Daivis Svirinas, and Saule Dagilyte, Counsel Stasys Draydauskas, Senior Associates Jonas Kiauleikis, Vytautas Sabalys, Monika Malisauskaite-Vaupsiene, and Rasa Mikutiene, and Associate Dobile Minkute.

 

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

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