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Mid Europa Completes Sale of Bite to Providence
16 February 2016
Mid Europa Partners, the leading private equity firm in Central
and Eastern Europe and Turkey, announced today that it has
completed the sale of Bité Finance International BV ("Bite" or the
"Group") to funds affiliated with Providence Equity Partners.
The transaction was announced on the 24th December
2015.
Bite controls a leading mobile operator in the Baltic countries
(#2 in Lithuania and #3 in Latvia) that is focused on meeting
growing demand in the region for a high quality network experience
and providing excellent customer service. The Group offers a wide
range of mobile services, internet access and data services for
business and residential customers through its nationwide
coverage.
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