TeleGeography Logo

Lattelecom aims for 40% broadband growth

20 Mar 2008

Lattelecom has announced that its main goal for 2008 is to increase the number of broadband connections by 40%. ‘Increasing the number of permanent internet connections is a fundamental aspect of Lattelecom’s development, given that this is the area in which revenue is increasing most rapidly. It is also a platform on the basis of which we will be able to offer new services in the future – IP telephony, a wider range of TV services and other innovative services,’ said the company’s chairman Gundars Strautmanis.

In a separate but related announcement Lattelecom announced the approval of its 2007 financial results, which showed a 7% increase in revenues to LVL153.5 million (USD346.4 million). Profit, however, slipped by 2.4% to LVL38.1 million.

Latvia, Tet (Lattelecom Group)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.