1. Lattelecom SIA, Latvia's biggest phone company, may start mobile services and expand abroad after the preliminary approval of a 290 million-lati ($559 million) management buyout including the 49 percent stake owned by TeliaSonera AB, the Nordic region's biggest telephone company.
2. Its management has three months to raise the cash.
3. It aims to finance 75 percent of the buyout with debt, and 25 percent with equity, using money from management, employees and private equity.
Management taking over 51% government co = increased revenue?
[Click here for full story at: BLOOMBERG.COM]
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