Teledema 2014 profit falls despite higher revenues

Thursday 30 April 2015 | 19:42 CET | News
Lithuanian MVNO Teledema said revenues totaled EUR 5.37 million in 2014, slightly up year-on-year, reports Vz.lt. The net profit declined due to dropping rates of services and a debt write-off. The MVNO is aiming to provide niche services for certain customers groups and regions. Teledema's subscribers base totaled 57,000 at the end of 2014, up by 2,000 year-on-year. The increased subscribers base was the only reason for the growth in revenues. Teledema provides services over the network of mobile operator Bite Lithuania. The operator opened a branded shop in the town of Varena in 2014. It

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Categories: Mobile & Wireless
Companies: Bite Lithuania / Teledema
Countries: Lithuania
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