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Cgates, a wholly-owned subsidiary of East Capital Explorer’s largest holding Starman, has acquired Lithuanian regional operator Kava in a deal that will benefit Cgates through reaching nationwide coverage within pay-TV and broadband Internet.
“Cgates’ acquisition of Kava is another step in the creation of a leading pan-Baltic cable TV and broadband Internet player, with Starman and Cgates as strong platforms in Estonia and Lithuania. This is a business with clear scale benefits for operators with strong product offerings and efficient networks, and we will continue to leverage on that”, commented Mia Jurke, CEO of East Capital Explorer.
Kava is a growing telecommunications company with around 20,000 customers in Lithuania. It covers more than 100,000 households across the major cities Vilnius, Klaipéda, Šiauliai and Panevéžys. Cgates is Lithuania’s second largest cable TV and broadband Internet provider with a network covering 300,000 households in 12 cities.