What BITĖ Group does

BITĖ Group is a private, converged telecommunications and media holding company headquartered in Vilnius, Lithuania, with operating presence in Lithuania and Latvia and announced plans to enter Estonia. Controlled by Providence Equity Partners since 2015, the group is consolidated under PLT VII Finance S.à r.l., a Luxembourg entity that has served as the issuance vehicle for multiple Senior Secured Notes offerings (notably a ~$998M offering in May 2024 and a ~$233M offering in September 2025). The company traces its origins to 1996 and employs 501-1,000 people.

The group's product platform combines mobile telecommunications, broadcast media, and streaming. Through its wholly-owned operating subsidiaries Bite Lithuania and Bite Latvia, BITĖ provides mobile and fixed-line voice, data, messaging, and 5G connectivity to consumer and enterprise customers. The All Media Group subsidiary owns the pan-Baltic TV3 free-to-air channel, Bite Radio, and the Go3 subscription streaming platform, delivering both live and on-demand video content across the region. The TeleTower subsidiary, which operated 2,500+ tower and rooftop sites across Lithuania and Latvia, was sold to Stonepeak in a deal announced December 23, 2025 and closed May 29, 2026, creating the first independent tower company in the Baltic region and establishing a sale-and-leaseback arrangement that includes Stonepeak's commitment to deploy 1,200+ additional sites for 5G and rural coverage.

BITĖ generates revenue primarily through subscription-based services: mobile telecom subscriptions, TV/media subscriptions (including Go3 streaming), and historically tower infrastructure leases. Pricing is not publicly disclosed. Distribution combines direct enterprise sales, retail storefronts in Lithuania and Latvia, and digital streaming distribution via Go3. The company has been actively issuing debt through its Luxembourg holdco and was awarded SBTi validation of both near-term and net-zero greenhouse gas targets in June 2025. Leadership changes since 2022 — including the appointment of Pranas Kuisys as CEO (June 2022), supervisory council additions, country-level leadership refreshes in January 2025, and the appointment of Giedrius Skliutas as CEO of All Media Group (November 2025) — reflect an ongoing organizational transformation into a media-telecommunications holding structure.

Name

BITĖ Group

Legal name

BITĖ Group

Website

https://www.bitegroup.net/

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

501–1,000 employees

Short description

BITĖ Group is a private, Providence Equity Partners-controlled telecom and media holding company operating Bite mobile services in Lithuania and Latvia, and the All Media Group spanning TV3, Go3 streaming, and radio across the Baltic region.

Ownership category

akta.pro rank

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Telecommunications Services: Mobile telecommunications services including voice, data, and messaging for consumers and businesses in Lithuania and Latvia
2. Media and Broadcasting: TV, radio, and streaming services through All Media Group including TV3 and Go3 platforms
3. Tower Infrastructure Lease: Tower infrastructure lease arrangements (operated through TeleTower subsidiary, now sold to Stonepeak)

Distribution channels3 records

Marketing channels3 records

Core offering

BITĖ Group is a Baltic telecommunications and media holding company that delivers mobile and fixed-line connectivity services to consumers and businesses in Lithuania and Latvia through its Bite subsidiaries, and operates pan-Baltic free-to-air television, radio broadcasting, and subscription streaming through All Media Group, which owns TV3 and the Go3 platform. The group also historically owned tower infrastructure (TeleTower), divested to Stonepeak in May 2026, that supported 4G/5G network deployment.

Product overview

BITĖ Group operates as a diversified telecommunications and media company with a platform-plus-subsidiaries architecture. The group consists of two core telecom brands (Bite Lithuania and Bite Latvia) providing mobile and fixed-line services, tower infrastructure business (TeleTower, now divested to Stonepeak), and media holdings (All Media Group) encompassing pan-Baltic free-to-air TV (TV3), radio broadcasting, and streaming platform (Go3). The consolidating parent company is PLT VII Finance S.à r.l., headquartered in Luxembourg, with Providence Equity Partners as the controlling investor since 2015.

Differentiator

Problem solved

Functional benefit

Brands

• Bite: Telecommunications brand operating in Lithuania and Latvia
• Teletower
• All Media Group
• Go3

Products and services

• Bite Lithuania Telecommunications services provider offering mobile and fixed-line services to consumers and businesses in Lithuania, including voice, data, messaging, and 5G connectivity.
• Bite Latvia Telecommunications services provider offering mobile and fixed-line services to consumers and businesses in Latvia, including voice, data, messaging, and 5G connectivity.
• TV3 Pan-Baltic free-to-air television channel operated by All Media Group, delivering broadcast content to viewers across Lithuania, Latvia, and Estonia.
• Go3 Subscription streaming video-on-demand platform offering TV shows, movies, and live television content to consumers across the Baltic region.
• Bite Radio Radio broadcasting services operated by All Media Group, delivering audio content to listeners across the Baltic region.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• All Media GroupcoreStrategic or Co-development PartnerAll Media Group is a subsidiary of BITĖ Group owning TV3 and Go3 platforms, providing pan-Baltic free TV, radio, and streaming services. This is an internal group structure rather than an external partnership.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Telia Lietuva: Lithuanian operating subsidiary of Telia Company, providing mobile, fixed-line, and TV/broadband services in Lithuania — directly competing with Bite Lithuania in the same market with overlapping offerings.
• Tele2 Lithuania: Baltic mobile operator with consumer and business services in Lithuania and Latvia, directly competing with BITĖ Group's mobile offerings across both core markets.
• Tele2 Latvia: Latvian arm of Tele2, providing mobile and fixed telecom services and competing directly with Bite Latvia in the consumer and enterprise segments.
• LMT (Latvian Mobile Telephone): Leading Latvian mobile network operator with nationwide 5G coverage, directly competing with Bite Latvia for mobile subscribers and enterprise customers.

Broad incumbents

• Elisa: Finnish telecommunications group with operations across the Baltic region (notably Estonia), offering mobile and digital services; a broader incumbent operating in adjacent Baltic markets.
• Telia Company: Major Nordic and Baltic telecom incumbent operating mobile, fixed, and TV services across Lithuania, Latvia, and Estonia; a broad incumbent with significant overlap in BITĖ Group's home markets.
• Vodafone Group: Global telecom incumbent with European mobile operations; comparable as a broader industry player operating across multiple geographies with converged telecom offerings.
• TDC (Nuuday / TDC NET): Danish telecom operator providing mobile, broadband, and TV services; comparable as a converged telecom and media operator in a Northern European market.

Emerging players

• Go3 (parent/allied): Baltic streaming platform (a BITĖ Group subsidiary via All Media Group) — listed for completeness as an emerging regional streaming competitor to global OTT platforms.

Others

• Cellnex Telecom: European independent tower operator — directly comparable to the TeleTower business that BITĖ Group just divested to Stonepeak, illustrating the strategic logic and valuation benchmark for the tower sale-leaseback.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BITĖ Group