"The Vilnius TV Tower is a strategically important asset. The former government caused controversy by approving such a deal," Transport Minister Eligijus Masiulis said in a press release.
In September 2008, the TV tower, which is operated by the Lithuanian Radio and Television Center, was pledged as collateral for a loan worth less than 100 million litas (EUR 29m) from a consortium of SEB Bankas and DnB Nord. The funds were used for the deployment of digital terrestrial television signal and data networks.
The 326-meter structure is the tallest building in Lithuania and the 28th tallest TV tower in the world.
