AS Starman

Starman was an Estonian cable television and Internet service provider company founded in 1992 and located in Tallinn. Since December 2016, Starman Estonia is wholly owned by Elisa.[1][2]

Starman was the largest cable television company in Estonia[3] and in the Baltic countries.[4]

Starman
IndustryCable television
Internet service provider
IP Telephony
Founded1992
Defunct2018
HeadquartersTallinn, Estonia
Websitewww.starman.ee

History

Starman was founded in 1992 by Peeter Kern and Indrek Kuivallik.[5] Peeter Kern served as the company's CEO until 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.

In March 2016, East Capital Explorer intended to sell its 63% share to American investment firm Providence Equity Partners for €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 company Elisa for €151 million; this deal did not include the Lithuanian branch.[1][2][13]

References

  1. ^ a b c "Finland's Elisa acquires Estonia's Starman". Digital TV Europe. 14 December 2016.
  2. ^ a b "Finnish telecom Elisa buys full holding in Starman Estonia". ERR. 13 December 2016.
  3. ^ "CNBC launches on Starman in Estonia", CNBC, July 10, 2014.
  4. ^ "Starman and Nokia to Deploy First Nationwide 10-Gigabit Residential Network in Europe", Fiber Optics Weekly Update, June 10, 2016  – via HighBeam Research (subscription required).
  5. ^ "Starmani asutaja ostab senise suurosaniku välja". Äripäev (in Estonian). 10 May 2016.
  6. ^ "Ootamatult lahkus Starmani asutaja Peeter Kern". Äripäev (in Estonian). 11 March 2014.
  7. ^ Inselberg, Kadri (12 March 2014). "Suri Starmani asutaja ja juht Peeter Kern". Postimees (in Estonian).
  8. ^ "East Capital Explorer buys majority stake in Starman". Postimees. 3 May 2013.
  9. ^ "East Capital Unveils Acquisition of Cgates in Lithuania", SeeNews Nordic, December 22, 2014.
  10. ^ "Swedes sell Starman to Americans", Postimees, March 15, 2016.
  11. ^ Dziadul, Chris (14 December 2016). "Finland's Elisa to buy Starman". Broadband TV News.
  12. ^ "Kuivalliku Polaris sai õiguse osta Starman". Postimees (in Estonian).
  13. ^ Reisenbuk, Karel (12 December 2016). "Elisa ostab Kuivallikult Starmani". Postimees (in Estonian).

External links

Coordinates: 59°25′50.19″N 24°44′54.97″E / 59.4306083°N 24.7486028°E

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