TEO reports 13% rise in FTTx subs

18 Apr 2013

Lithuania’s incumbent fixed line operator TEO LT has reported revenue of LTL182.666 million (USD69.4 million) for the first three months of 2013, a decrease of 4.1% from LTL190.492 million in the same period a year earlier, as voice telephony service sales dropped 5.4% year-on-year to LTL82 million and IT service revenue fell 27.2% to LTL14 million. The company said that internet sales meanwhile rose 6.8% year-on-year to LTL44 million and TV services revenue grew 12.2% in Q1 2013 to LTL15 million. Underlying revenue, excluding one-off IT equipment sale in 1Q12, increased 0.7% year-on-year. EBITDA for the first quarter of 2013 totalled LTL74.437 million, up 0.1% from LTL74.396 million a year earlier, while net profit grew 3.0% year-on-year to LTL38.252 million. During the first three months of 2013 capital investments totalled LTL17 million, of which LTL5 million went towards the expansion of TEO’s fibre-to-the-home (FTTH) access network, which is present in more than 100 towns and cities across the country (representing around 64% of the population).

TEO reported a broadband internet subscriber base of 389,457 at 31 March 2013 (an increase of 4.2% from 373,899 twelve months earlier), including 166,032 FTTx customers (up 13.2% year-on-year) and 181,020 xDSL subscribers (down 6.1%). Television customers increased 9.8% over the twelve-month period to reach 169,410 at the end of March 2013 (including 97,185 IPTV users – up 17.2% year-on-year), while the total number of main telephone lines in service at the end of Q1 2013 amounted to 594,437, a decrease of 6.6% from 636,132 a year earlier.
Lithuania, Telia Lietuva