TietoEnator and Lietuvos Telekomas start partnership negotiations
TietoEnator and Lietuvos Telekomas start partnership negotiations Lietuvos Telekomas, the largest telecom operator in the Baltics, and TietoEnator have signed a Memorandum of Understanding (MoU) regarding a partnership in the form of a joint venture. According to the MoU, signed January 3, Lietuvos Telekomas and TietoEnator have an intention to join their forces in creating an IT services company to provide services in Lithuania and within the region. Together with Lietuvos Telekomas TietoEnator will further strengthen its position as a major supplier of telecom-related IT services and solutions in the region. The new company, which will be based on Lietuvos Telekomas' information system department of close to 200 employees, will provide comprehensive services initially to Lietuvos Telekomas and also to other corporate customers. The partnership will benefit from Lietuvos Telekomas´ strong base in Lithuania and TietoEnator´s vast competence within the field of IT services. For further information, please contact: TietoEnator, Timo Cavén, Vice President Telecom & Media, tel. +358 9 862 65500, +358 40 505 7303 AB Lietuvos Telekomas, Diana Roèienë, Press Officer, tel.+370 2 367299 With over 10,000 employees and annual net sales of EUR 1.1 billion, TietoEnator is a leading supplier of high value-added IT services in Europe. TietoEnator specialises in consulting, building and hosting its customers' business operations in the digital economy. The Group's services are based on a combination of deep industry-specific expertise and latest information technology. www.tietoenator.com AB Lietuvos Telekomas is the largest telecommunications service company in the Baltics and, at the moment, the only legal provider of fixed telephony services in Lithuania. Main areas of the Company's activity include fixed telephony services, network and data transmission services, Internet-related services, provision of wholesale services to other telecommunications operators and service providers as well as sales and maintenance of telecommunications equipment. http://www.telecom.lt TIETOENATOR CORPORATION DISTRIBUTION Principal media ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/01/03/20020103BIT00300/bit0002.doc http://www.waymaker.net/bitonline/2002/01/03/20020103BIT00300/bit0002.pdf