TeliaSonera forecasts Baltic double digit growth

21 May 2003

Scandinavian telco TeliaSonera predicts that in terms of revenues the Lithuanian telecoms markets will grow by 14% in 2003. It expects mobile penetration to jump from 47% to 57%, while fixed line teledensity will shrink slightly to 23%. In 2004 telecoms revenue growth is expected to slow to 6.7%, while mobile penetration will climb to 63.3%.