"Our clients will benefit as a result of the deal, and we'll be able to offer not just mobile services and ICT solutions for business clients, but also domestic internet and a list of TV channels for private individuals. There's currently a trend in the telecoms market of clients choosing integrated services," said Buls.
The Competition Council still has to approve the acquisition.
BITE Latvija last year generated sales of €99.978m with the company's profit at €14.964m.
Baltocm last year posted €17.099m in sales and a loss of €1.914m.