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Eastern European Markets
NEWS RELEASE
December, 23. 2005

Eltel acquires Lithuanian UAB Comliet

Eltel Networks strenghtening its position as the leading infranet company in the Baltics

Eltel Networks expands its operations in Lithuania by signing an agreement with Lietuvos Telecomas to acquire 100 % of the shares of Lithuanian company UAB Comliet. With the transaction appr. 150 employees will join Eltel Networks.

UAB Comliet is a service provider in fixed telecommunication networks and indoor telecommunication solutions. The transaction will strenghten Eltel's activities in the Baltic region.

AB Lietuvos Telekomas is the largest provider of telecommunications services in Lithuania offering its customers different types of services, including not only fixed-line services but also Internet-related, data communication and wholesale services as well as a wide range of advanced solutions.

For further information:
Jaanus Paas, President, Eltel Networks AS tel: +372 50 23 500

www.eltelnetworks.com


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