OREANDA-NEWS. June 15, 2015. SORAINEN Lithuania advised TV and Internet company Init on the acquisition of 100% of shares in Dokeda. Dokeda, which operates under the brand name of Meganet, provides fibre-optic Internet services in Vilnius, Kaunas, Maeikiai and Jonava.

Lithuanian-owned company Init is one of the country’s leading technology companies. Established back in 1990, the company has been providing cable TV services since 1992, Internet services since 2003, and digital TV services since 2006. Following the transaction, Init has become one of the largest fibre-optic Internet service providers among the country’s cable TV companies.

“We are rapidly expanding our fibre-optic Internet network, which already offers Init customers a browsing speed of 300 Mbps. This transaction will further strengthen our position in the fibre-optic Internet market, will enable us to enter two new cities, and will improve the Internet infrastructure for the existing customers of the company,” says managing director of Init.

SORAINEN provided legal services throughout the process, performed legal due diligence of Dokeda, drafted all necessary transaction documentation, and advised on regulatory issues relevant to completion of the transaction.

The SORAINEN team was led by senior associate Mantas Petkevi?ius and partner Laimonas Skibarka, the team also included senior associate Vyt? Danileviit and associates Vytautas Sabalys and Karina Kuizinait?.