The parties aim to sign a definitive agreement by the end of 2025, with the transaction expected to be completed in the first half of 2026.
"We are pleased to have reached a common view on the best way forward for these great Latvian companies. We have agreed to proceed towards the intended transaction, where our offer to divest our shares reflects a fair market value of Tet and LMT.
"The complex holding structure of Tet and LMT has slowed value creation. This MoU is there...