Lattelecom's revenues grow 8% in 2018, plans rebranding to Tet

Tuesday 29 January 2019 | 10:59 CET | News
Revenues of Latvian fixed operator Lattelecom grew by 8 percent to EUR 212 million in 2018. The net profit of the company was EUR 42 million, EBITDA of the group totaled EUR 67.9 million, and the capital expenditure amounted to EUR 27.2 million. The Lattelecom group said it paid EUR 46 million in taxes.

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?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add 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.


Refusal to merge Tet, LMT will reduce their ability to compete - Telia

Published 02 Oct 2019 16:58 CET | Latvia
The decision by the Latvian rulling political coalition not to merge fixed operator Tet with mobile operator LMT will reduce the ...

Telia to re-assess position in Latvia after cooperation with govt stalls

Published 23 Sep 2019 12:50 CET | Latvia
The government of Latvia has informed Telia Company that it no longer intends to implement the memorandum of understanding on ...

Lattelecom revenues rises 6% in Q1

Published 28 Apr 2019 11:30 CET | Latvia
Latvian fixed operator Lattelecom, which recently switched to the Tet brand, said revenues increased by 6 percent year-on-year in ...

Lattelecom to switch to Tet brand from April

Published 27 Mar 2019 10:52 CET | Latvia
Latvian fixed operator Lattelecom announced the the company name will change to Tet from 1 April. The full switch to the Tet ...

Lattelecom revenue rises 8% in first 9 months

Published 20 Oct 2018 20:54 CET | Latvia
Consolidated revenue at Latvian fixed operator Lattelecom totaled EUR 152 million between January and September of this year, up ...

Lattelecom revenues up 9% in H1

Published 24 Jul 2018 09:26 CET | Latvia
Revenues of Latvian fixed operator Lattelecom grew by 9 percent year-on-year to EUR 98.7 million in the first half of this year. ...

Lattelecom revenues up 7% in Q1

Published 23 Apr 2018 09:26 CET | Latvia
Revenues of Latvian fixed operator Lattelecom grew by 7 percent year-on-year in the first quarter of this year to EUR 47.8 ...

Lattelecom revenues up, EBITDA stable in 2017

Published 30 Jan 2018 13:26 CET | Latvia
Revenues of Latvian fixed operator Lattelecom totaled EUR 195.67 million in 2017, up by EUR 2.4 million from 2016. EBITDA ...