Lietuvos Telekomas AB

Company event



signed an agreement to acquire 40 per cent of UAB Voicecom shares



Following the resolution of the Board of 17 August 2004 AB Lietuvos Telekomas

signed an agreement to acquire 40 per cent of UAB Voicecom shares from Nexcom

Telecommunications LLC, U.S.A. Agreement shall come into force upon receipt of

the permission of Lithuanian Competition Council for concentration. AB Lietuvos

Telekomas has submitted an application to Lithuanian Competition Council for

permission to pursue the concentration.



The joint American-Lithuanian venture, UAB Voicecom, 60 per cent owned by AB

Lietuvos Telekomas, was registered on 6 March 2001. UAB Voicecom provides

internet telephony services to business and residential customers.





Eglė Gudelytė-Harvey

Director of Corporate and Legal Affairs Unit

(+370 5) 236 72 92