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Lietuvos Energija and Litgrid Signed a Duomenų Logistikos Centras Sale Agreement with Telia Lietuva

Shareholders of Duomenų Logistikos Centras, Lietuvos energija and Litgrid, signed a share sale - purchase agreement with Telia Lietuva.
Commenced in November last year, the sale process of Duomenų Logistikos Centras should be finalised by the beginning of 2018 on obtaining authorisation from the Competition Council. Till then the amount of transaction will not be disclosed.
Duomenų Logistikos Centras provides data transfer and data centre services. The company operates 7 data centres in four cities of Lithuania, among them one of the most efficient data centres in the region – DataINN that was awarded a Tier III reliability level certificate by Uptime Institute in 2014. 
The company also provides data transfer services both in Lithuania and abroad. Together with partners, it operates an international data transfer network “Baltic Highway” connecting Tallinn with Frankfurt into an integral optical fibre network, as well as the biggest and longest optical data transfer network in the Baltic Countries – “Baltic Optical Network”. 
Services of the company are used by banks, communication operators, and major providers of internet and cloud computing services. 
Lietuvos Energija sold 79.64 %, whereas Litgrid – 20.36 % shares of Duomenų Logistikos Centras. 
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