SORAINEN advised BITĖ group, a major mobile operator in Lithuania and Latvia, on acquisition of a controlling shareholding in Spainetos prekybos sistema and its Latvian subsidiary, Spaineta Latvia. Spaineta operates a retail network distributing BITĖ services, smartphones and accessories, with over 200 staff in Lithuania and Latvia.
BITĖ Group controls a leading mobile operator in the Baltic States focused on meeting growing demand in the region for a high quality network experience and providing excellent customer service. BITĖ Group offers a wide range of mobile services, internet access and data services for business and residential customers through its nationwide coverage.
SORAINEN advised BITĖ Lietuva during all phases of the transaction, including due diligence, drafting and negotiating transaction documents and obtaining merger clearance in Lithuania and Latvia.
The project team was led by partner Laimonas Skibarka and senior associate Jonas Kiauleikis.