The Latvian state-owned State Company "Lattelekom" () was registered with the Register of Enterprises of the Republic of Latvia on January 9, 1992. Its origins were based on the leftover local infrastructure and services previously operated by the Soviet Ministry of Communications. Nearly two years later – on December 22, 1993 the Cabinet of Ministers of the Republic of Latvia approved the commissions decision to announce the British and Finnish consortium TILTS Communications the winner of the tender „On the modernisation of Latvia’s telecommunications network”, and the company became a strategic investor in Lattelekom. On January 14, 1994 the agreement with TILTS Communications was concluded and SIA Lattelekom established. As a result of privatisation 49% of the company's shares were procured by two foreign investors - Cable and Wireless and Telecom Finland which later became a part of the Swedish telecommunications company TeliaSonera AB.