Lattelecom books slight increase in turnover

20 Oct 2014

Full service provider Lattelecom Group booked turnover of EUR141 million (USD179.86 million) in the nine months to end-September 2014, up 2% year-on-year, The Baltic Course writes, citing a company spokesperson. EBITDA for the period was up 5% compared to the same period of 2013 at EUR54.7 million, although EBITDA margin was down by one percentage point to 39%. Lattelecom’s CEO Juris Gulbis was quoted as saying: ‘Lattelecom’s nine-month finance results confirm that the company is utilizing the correct strategy, especially in regard to broadband and TV services that our clients have highly praised.’

Latvia, Tet (Lattelecom Group)