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
The mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials.
more »
The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey.
more »
The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city.
more »
One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations.
more »
European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries.
more »
At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds.
more »
Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010.
more »
The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme.
more »
The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs).
more »
The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »