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Wednesday 29.03.2017 | Name days: Agija, Aldonis
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Saeima deputies urge government not to permit merging of LMT and Lattelecom

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUOn Tuesday, 5 April, Public Expenditure and Audit Committee called the government to postpone the making of the decision in regards to future actions in the merging process between LMT and Lattelecom until a quality and objective situation analysis is carried out.

«Deputies believe the information provided so far is insufficient to make and economical and socially justified decision in relation to the future state of the two companies in question. Speculations about possible benefits of merging of the two companies are unacceptable. There has to be a document that would explain in detail of the merge of the two companies is beneficial or not. There is no such document at the moment. Responsible institutions should provide their objective opinion on this situation to make sure residents do not start doubting the transparency of the decision-making process,» – believes the committee’s chairman Andris Berzins.

Deputies of the committee decided to ask the government to establish strategic goals in regards to the management of capital shares of both companies and provide a list of goals to the committee by September 2016. This includes the attraction of independent telecommunications exports, submission of an economic and social analysis with no fewer than five options for future actions, as reported by Saeima press-service.

Members of the committee wish so that responsible officials would assess the strong and weak sides of each proposed development scenario. This includes aspects like consumers interest; synergy of companies’ resources; state budget revenue from dividends; impact on national economy and competition; room for innovation; resources for investments; compliance with EU regulations; potential risks and other major factors, informs the committee’s chairman.

Ref: 102.109.109.7872


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