Type
Merger/Acquisition
Country
Lithuania
Region
Lietuva; Vilniaus apskritis;
Location of affected unit(s)
Vilnius
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

100 jobs
Number of planned job creations
Job creation
Announcement Date
1 February 2017
Employment effect (start)
1 February 2017
Foreseen end date

Description

Telecommunications company Telia Lietuva is to create around 100 new jobs in Vilnius. According to the management, the need to hire more employees arose after the telecommunications company Teo acquired a 100% stake in other telecommunications provider Omnitel in January, 2016. On 1 February, 2017 Teo, Omnitel and Baltic Data Center merged into one legal entity under the name Telia Lietuva. Currently Telia Lietuva employs 2,233 employees.


Sources

  • 1 February 2017: Lietuvos Rytas

Citation

Eurofound (2017), Telia Lietuva, Merger/Acquisition in Lithuania, factsheet number 90256, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90256.