Baltic Telekom AS (RISE:BTE1R) (BT) is seeking acquisition opportunities. BT has expressed its interest in the acquisition of up to 75% of shares in telecommunication and media sector companies in the Baltics. Gene Zolotarev, Chief Executive Officer of BT, said the ideal target would be niche companies with a turnover of at least €3million.

BT would be ready to spend up €5mn per acquisition in the first year.