TEO LT posts dip in Q1 revenue, EBITDA

20 Apr 2010

Lithuania’s incumbent fixed line operator TEO LT has reported a 6.4% year-on-year fall in revenue for the quarter ended 31 March 2010, to LTL192 million (USD74.8 million), down from LTL205.2 million in the same period a year earlier. The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) in 1Q10 totalled LTL81.4 million, compared to LTL94 million in the first quarter of 2009, while net profit remained stable year-on-year, at around LTL43 million. The company said it invested LTL19.1 million in the first three months of 2010, LTL13.9 million of which was spent on expanding its core network and development of its fibre-optic infrastructure. According to TEO’s general manager, Aruna Siksta, the company will continue to increase investment in its fibre-to-the-home (FTTH) network in 2010.

TEO’s voice telephony services generated the greatest share of the company’s total revenue in the first three months of 2010, at 54.9%, while internet and data communications services generated 33.8%, television services 4.5%, IT services 3.7%, and other services 3.1%. In terms of subscribers, TEO’s broadband subscribers increased 5% year-on-year to 319,300, while TV customers jumped by almost 37% compared to end-March 2009 to reach 108,500. The total number of fixed telephony lines in service fell by 45,100 during the year ended 31 March 2010 to 711,200.

Lithuania, Telia Lietuva