TEO LT, the incumbent fixed line operator in Lithuania, has announced revenue of LTL178.8 million (USD70.5 million) for the three months ended 31 December 2013, a decrease of 5.7% from LTL189.7 million in the year-ago quarter. Annual turnover dropped 5.2% year-on-year from LTL760.2 million in 2012 to LTL720.6 million twelve months later, as sales from voice telephony services fell 14.4% to LTL304 million over the period. Areas of growth included internet service revenue, which rose 3.7% year-on-year to LTL178 million in full-year 2013, while TV and IT services revenues increased 8.1% to LTL62 million and 8.8% to LTL70 million, respectively. TEO said that EBITDA for the fourth quarter of 2013 fell 8.1% year-on-year to LTL65.1 million, and declined by 4.7% from LTL307.1 million in FY 2012 to LTL292.7 million twelve months later. Net profit declined 12.9% year-on-year to LTL30.9 million in the three months ended 31 December 2013 and fell 6.2% to LTL149.2 million in the twelve-month period. TEO made capital investments of LTL154 million in 2013, of which LTL59 million was focused on the expansion of its fibre-to-the-home (FTTH) access network, which is present in more than 100 towns and cities across the country, passing around 67% of households (804,000) at the end of 2013.
TEO reported a total of 565,327 fixed telephony lines at 30 December 2013, a decrease of 6.6% from 605,424 a year earlier, while the number of broadband accesses rose 11.7% from 385,863 to 430,911 over the same period, including 180,154 FTTx customers (up 11.2% year-on-year) and 176,505 xDSL subscribers (down 3.8%). Television customers increased 1.8% over the twelve-month period to reach 172,308 at the end of 4Q13, of which 106,228 were IPTV users (up 12.2% year-on-year) and the remainder DVB-T users (a decrease of 11.4%).