Lattelecom reports 8% rise in H1 profit

Friday 17 July 2015 | 10:24 CET | News
Latvian operator Lattelecom reported an 8 percent annual increase in profits in the first half of 2015, to EUR 16.5 million. The company said revenue from TV services grew by 11 percent year-on-year, broadband internet service revenues increased by 2 percent, and it grew revenue from IT and external services for corporate clients by 25 percent as it targeted expansion in international cloud services. Further figures were not released. LMT, the mobile operator it owns with TeliaSonera, finished the period with 1.10 million customers, up by 4,000 from three months earlier. While lower

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Lattelecom / LMT / Telia
Countries: Latvia
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Latvia govt rejects Lattelecom, LMT merger proposal

Published 20 Apr 2016 16:01 CET | Latvia
Latvian government has decided that fixed operator Lattelecom and mobile operator LMT will continue their activities separately, ...

Govt to consider sale of Lattelecom, LMT shares

Published 25 Feb 2016 11:15 CET | Latvia
The Latvian government will consider next week the possible sale of its stakes in fixed operator Lattelecom and the mobile ...

Lattelecom net profit up in 2015

Published 26 Jan 2016 20:17 CET | Latvia
The net profit of Latvian fixed operator Lattelecom totaled EUR 32 million in 2015, up from EUR 30.3 million the previous year. ...

LMT 9-month revenues increase 4%

Published 21 Oct 2015 16:22 CET | Latvia
Latvian mobile operator LMT announced that its revenues grew by 4.3 percent year-on-year in January-September of this year, to ...

Lattelecom reports higher 9-mth net profit

Published 20 Oct 2015 17:53 CET | Latvia
Latvian fixed operator Lattelecom announced that its net profit grew by EUR 1.6 million year-on-year in the first nine months of ...

Sonera Q2 sales supported by strong consumer mobile demand

Published 17 Jul 2015 12:25 CET | Finland
Sonera said net sales in the second quarter rose by 3.2 percent to SEK 3.328 billion from SEK 3.224 billion a year earlier. In ...

Telia Denmark Q2 local currency revenue hit by price strain

Published 17 Jul 2015 12:00 CET | Denmark
TeliaSonera said net sales in Denmark in the second quarter went up by 4.2 percent to SEK 1.448 billion from SEK 1.389 billion a ...

TeliaSonera loses Q2 mobile customers, ARPU in Norway

Published 17 Jul 2015 11:29 CET | Norway
TeliaSonera reported second quarter service revenue growth in Norway in local currency and excluding acquisitions and disposals ...

Telia Sweden gains Q2 mobile, broadband, TV users & revenue

Published 17 Jul 2015 11:06 CET | Sweden
Telia Sweden said its mobile, broadband and TV operations all delivered positive service revenue growth, supported by higher ARPU ...

TeliaSonera organic service revenue, EBITDA lower in Q2

Published 17 Jul 2015 09:07 CET | Scandinavia
TeliaSonera reported second-quarter sales up 8.5 percent year-on-year to SEK 21.1 billion, helped by its acquisition of Tele2 ...

Lattelecom offers free internet TV during summer

Published 14 Jul 2015 13:44 CET | Latvia
Lattelecom announced a summer offer of free online TV. Available to anyone with an internet connection until 02 August, the offer ...

Lattelecom registers 1 mln unique Wi-Fi users

Published 20 May 2015 16:43 CET | Latvia
Latvian fixed operator Lattelecom announced that the audience of its public Wi-Fi network reached the threshold of 1 million ...

LMT core revenues increase 6% in Q1

Published 22 Apr 2015 14:04 CET | Latvia
Latvian mobile operator LMT announced that its revenues from core activities grew by 6.3 percent year-on-year in the first ...

Lattelecom net profit lifts 14% in Q1

Published 21 Apr 2015 14:37 CET | Latvia
Latvian fixed operator Lattelecom announced that its net profit grew by 14 percent year-on-year in the first quarter, up to EUR ...