Bite Latvija SIA
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Bite Latvija SIA - overview
Established
2005
Location
Riga, -, Latvia
Primary Industry
Telecoms
About
Founded in 2005 and based in Riga, Latvia, Bite Latvija SIA is a mobile operator that provides mobile telecommunication and mobile Internet services to residential and business customers. In February 2016, Providence Equity Partners acquired Bite Latvija from TDC Holding A/S. As of 2023, the company is led by its CEO, Arunas Mickevicius. Bite Latvija provides a range of telecommunication services, including mobile services, internet access, data services, and satellite television, to individuals and businesses throughout the Netherlands, Lithuania, and Latvia regions.
The company's customers can choose from various tariff plans to suit their internet requirements. Bite Latvija also provides additional services such as insurance, antivirus protection, and smart video surveillance for its clients. In addition, the company also operates an online e-commerce store through which it sells products spanning across categories, including phones, televisions, smartwatches, computers, headphones, loudspeakers, vacuum cleaners, tablets, electric scooters, video games, and other accessories on monthly EMIs. The firm’s portfolio of retail-branded products includes Samsung, Apple, MI, LG, Huawei, Sony, Philips, HP, Dell, Garmin, and others.
The company generates revenue primarily through its tariff plans, home internet, and Go3 television plans, which range from EUR 11 per month to EUR 37. 99 per month.
Current Investors
Providence Equity Partners
Primary Industry
Telecoms
Sub Industries
Consumer Electronics Stores, Internet, Fiber Optics, Internet Service Providers, Telecoms Providers & Services
Website
www.bite.lv/
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Bite Latvija SIA - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Bite Latvija SIA | - | ||||||||
| Secondary Buyout | Completed | Bite Latvija SIA | - | ||||||||
| Buyout | Completed | Bite Latvija SIA | - |
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