First Capital International, Inc. Terminates Acquisition of TGK-LINK AS.
Published:
25 July 1999 y., Sunday
First Capital International, Inc. announced that the Acquisition Agreement between First Capital International and TGK-Link AS has been terminated. However, both companies decided to enter into a Cooperation Agreement and continue joint activities in the Baltic Region. TGK-LINK AS is an Estonian company primarily involved in the Telecommunications/Internet related business serving the Ex-Soviet Union and the growing, Baltic Region Marketplace. Currently, TGK-Link AS provides Telecommunication services to the local major Banks, as well as, they are the authorized representative of SPRINT U.S.A. in Estonia, as a direct distributor of the ``Global One' services in the Region. That decision to terminate the acquisition was based on the fact that TGK-Link_s current business contract with it_s partner SPRINT U.S.A. needs to be renegotiated within the next six months and, therefore both parties agreed it was in each ones best interests to terminate the acquisition to avoid any uncertainties related to this issue.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania informs that based on provisional data as of 1 April 2008 foreign direct investment (FDI) made LTL 33.63 billion, or by 2.8 per cent less than on 1 January 2008.
more »
Boston-based Celent LLC has published a new report about the state of the Turkish credit-card market, which has developed rapidly over the last decade and is expected to represent a high-growth opportunity.
more »
Fastest annual revenue growth since 1999 fuels 32% increase in earnings per share.
more »
First Data Shareholders to Receive $34 per Share in Cash;
Transaction Valued at $29 Billion
more »
Belarus' international reserves decreased by 3.8 percent in January 2007 to $1,329.9 million as of February 1, according to the National Bank of Belarus (NBB).
more »
The Minsk Tractor Works (MTZ) manufactured nearly 172 billion rubels worth of industrial products in the first month of 2007, which was a 19.8-percent year-on-year increase.
more »
The Belarusian government plans to borrow up to $1 billion abroad this year to cushion the effects of a sharp hike in the price of energy resources.
more »
Russia's Audit Chamber has suggested reviewing all economy agreements between Belarus and Russia, Andrei Kokoshin, head of the standing committee on CIS affairs in the State Duma (Russia's lower parliamentary house), said on Thursday.
more »
Belarus is contemplating the purchase of two oil wells in Russia, a senior executive at the Belneftekhim state-controlled petrochemical concern said Tuesday.
more »
Aleksandr Lukashenko warned that a slowdown of Belarus' economic development pace could undermine public confidence in the government and damage the country's image in the international arena.
more »