OVERVIEW
Cgates is Lithuania’s largest independent television and internet service provider. The company serves more than 150,000 clients in all of the biggest cities across Lithuania, offering one of the country’s largest and most modern telecommunications networks. A consortium led by Livonia Partners invested in the company in 2017 and has supported the company in its transformation to deploy best-in-class product quality and customer service.
Sustainability & WHY WE INVESTED
Cgates is ensuring fast and reliable 1 Gbps connectivity to 150,000 Lithuanian families, which has become especially important as the world has switched to working and studying from home or hybrid schedules. Cgates internet is powered by green energy and uses efficient GPON technology. Cgates TV is the most modern pay TV platform in the country.
KEY FACTS
- Sales: €28.4 million
- Investment date: 2018
TEAM
- Mindaugas Utkevičius
- Rain Lõhmus
- Mindaugas Rapolas
- Adolis Tarasevičius
Livonia Partners consortium to invest in cable network operator Cgates
Livonia Partners, the pan-Baltic private equity firm, together with LHV Pension Funds and Ambient Sound Investments, agreed to invest in Cgates, a leading Lithuanian provider of cable television and internet services.