Nacionalinė Skaitmeninė Televizija became joint-stock company


On 25 August 2008 UAB Nacionalinė Skaitmeninė Televizija, a subsidiary of TEO
LT, AB, changed its legal status from closed joint-stock company to joint-stock
company and from now on is called AB Nacionalinė Skaitmeninė Televizija. TEO
owns a 100 per cent stake in AB Nacionalinė Skaitmeninė Televizija. 

On 15 July 2008, Extraordinary General Meeting of TEO LT, AB approved
preparation of the draft reorganisation conditions with the view of merging by
acquisition Nacionalinė Skaitmeninė Televizija into TEO LT, AB on condition
that Nacionalinė Skaitmeninė Televizija changes its legal form into a public
company before the public announcement of the reorganisation conditions. 

AB Nacionalinė Skaitmeninė Televizija has two licenses for re-broadcasting of
television channels through digital terrestrial television (DVB-T) networks and
provides digital terrestrial television service Skaitmeninė GALA (Digital
GALA). 


Nerijus Ivanauskas, 
Director of AB Nacionalinė Skaitmeninė Televizija, 
tel. +370 5 236 8840.