The story
Bitė began its operation in Lithuania in 1995.
On 21 July 2003, Bitė signed a Partner Network Agreement for Lithuania with British multinational mobile telecommunication company Vodafone.
In 2005, Bitė entered Latvian market. Following this, Bitė's Partner Network Agreement with Vodafone was extended to its Latvian service in April 2006.
In early 2007, Danish company TDC announced the sale of Bitė Group to Mid Europa Partners.
In December 2015, Mid Europa Partners announced that it was selling the group to Providence Equity Partners; the sale was completed in February 2016.
In March 2017, it was announced that Providence was acquiring Viasat's Baltic media and satellite television business for €115 million from Swedish company Modern Times Group (MTG), which was in the process of transforming itself into a video game company. In May 2017, it was emerged that Providence-owned Bitė would be the party to purchase MTG assets in question. The sale was completed in October 2017. The newly formed pan-Baltic media company, initially named All Media Baltics, was renamed TV3 Group in 2019. In 2020, a bond issue was carried out, during which Bitė Group raised 620 million euros. In January 2023, TV3 Group, controlled by Bitė Group, signed an agreement to acquire radio stations operated by M-1.
From Wikipedia’s article on Bitė Group, shared under CC BY-SA 4.0.4
