AS Starman
Industry | Cable television Internet service provider IP Telephony |
---|---|
Founded | 1992 |
Founder | Indrek Kuivallik Peeter Kern |
Defunct | 2018 |
Headquarters | Tallinn,Estonia |
Parent | Elisa |
Website | www |
Starmanwas anEstoniancable televisionandInternet service providercompany founded in 1992 and located inTallinn.Since December 2016, Starman Estonia is wholly owned byElisa.[1][2]
Starman was the largest cable television company inEstonia[3]and in theBaltic countries.[4]
History
[edit]Starman was founded in 1992 by Peeter Kern and Indrek Kuivallik.[5]Peeter Kern served as the company'sCEOuntil his unexpected death in 2014.[6][7]
In 2013, the Swedish investment company East Capital Explorer bought 51% of Starman's shares from the company's founders.[8]
In 2015 Starman bought the Lithuanian telecommunications company Cgates, with funds from the majority shareholder East Capital Explorer,[9]but the Lithuanian branch was again separated in a later acquisition.[citation needed]
In March 2016, East Capital Explorer intended to sell its 63% share to American investment firmProvidence Equity Partnersfor €81 million,[10]but Starman's minority shareholder Polaris Invest (owned by founder Indrek Kuivallik) used their pre-emptive rights to make the purchase instead.[1][11][12]In December 2016, Starman Estonia was wholly acquired by Finnish telecommunications companyElisafor €151 million; this deal did not include the Lithuanian branch.[1][2][13]
References
[edit]- ^abc"Finland's Elisa acquires Estonia's Starman".Digital TV Europe.14 December 2016.
- ^ab"Finnish telecom Elisa buys full holding in Starman Estonia".ERR.13 December 2016.
- ^"CNBC launches on Starman in Estonia",CNBC,10 July 2014.
- ^"Starman and Nokia to Deploy First Nationwide 10-Gigabit Residential Network in Europe",Fiber Optics Weekly Update,10 June 2016.
- ^"Starmani asutaja ostab senise suurosaniku välja".Äripäev(in Estonian). 10 May 2016.
- ^"Ootamatult lahkus Starmani asutaja Peeter Kern".Äripäev(in Estonian). 11 March 2014.
- ^Inselberg, Kadri (12 March 2014)."Suri Starmani asutaja ja juht Peeter Kern".Postimees(in Estonian).
- ^"East Capital Explorer buys majority stake in Starman".Postimees.3 May 2013.
- ^"East Capital Unveils Acquisition of Cgates in Lithuania",SeeNews Nordic,22 December 2014.
- ^"Swedes sell Starman to Americans",Postimees,15 March 2016.
- ^Dziadul, Chris (14 December 2016)."Finland's Elisa to buy Starman".Broadband TV News.
- ^"Kuivalliku Polaris sai õiguse osta Starman".Postimees(in Estonian).
- ^Reisenbuk, Karel (12 December 2016)."Elisa ostab Kuivallikult Starmani".Postimees(in Estonian).
External links
[edit]59°25′50.19″N24°44′54.97″E/ 59.4306083°N 24.7486028°E
- Mass media companies of Estonia
- 1992 establishments in Estonia
- 2010s disestablishments in Estonia
- Mass media companies established in 1992
- Mass media companies disestablished in 2018
- Telecommunications companies established in 1992
- Telecommunications companies disestablished in 2018
- Telecommunications companies of Estonia
- 2016 mergers and acquisitions
- Estonia stubs
- European company stubs