Tet should be split up and its telecommunications business sold to the mobile communications company Latvijas mobilais telefons (LMT), which will henceforth be owned equally by the Latvian state and the Swedish company Telia Company (Telia), and the state will retain full ownership of the Tet group's construction company – Citrus Solutions and the electricity trading sector. The next step will be a public offering of at least 20% of LMT shares on the stock exchange (IPO). This follows from an information report prepared by the Ministry of Economy, which proposes future development scenarios and the desired level of participation of the Latvian state in the LMT and Tet group of companies. Responsible officials and politicians, under the pretext of confidentiality, do not comment in more detail on the contents of the report obtained by LETA, but Minister of Economy Viktor Valainis said that the working document is based on market research conducted by invited consultants from SIA Publisko aktiva pārvaldītājs "Possessor." According to Valainis , the results of the study and the vision of the consultants will be transferred for further evaluation to the Cabinet of Ministers in order to, together with companies and industry, achieve the most suitable solution for the national interests of Latvia and the information and communication technology (ICT) sector. In due course, a complex management scheme for Tet and LMT emerged. the change of which both shareholders – the government of Latvia and the Swedish company Telia – have still not been able to agree on.
