The FINANCIAL — Telia Lietuva acquires Data Logistics Center, one of the biggest data logistics operators in the Baltics.
The transaction will further strengthen Telia’s position in data center services, according to Telia.
Founded in 2010, Data Logistics Center provides data transfer services in Lithuania and abroad and operates seven data centers in four cities in Lithuania serving banks, telecommunication operators and major providers of internet and cloud computing services.
“Having acquired one of the most modern and largest data transfer and data centre operators in the Baltic States, we will undoubtedly be able to strengthen and develop our business in the field of IT and telecommunications,” Kęstutis Šliužas, CEO of Telia Lietuva, says.
Telia Lietuva already owns one state-of-the-art, safe and efficient Tier III data center. The transaction will further strengthen Telia’s position in data center services in the Baltics.
The acquisition of Data Logistics Center from shareowners Lietuvos Energija (Lithuania Energy) and Litgrid is subject to approval from the Competition Authority and is expected to be completed in the beginning of 2018.