TEO fibre subscribers exceed 200,000

29 Jan 2015

TEO LT, the incumbent fixed line operator in Lithuania, has reported revenue of LTL184.5 million (USD60.6 million) for the three months ended 31 December 2014, an increase of 3.2% from LTL178.8 million in the year-ago quarter. Annual turnover fell 3.1% year-on-year from LTL720.6 million in 2013 to LTL698.5 million twelve months later, as revenue from voice telephony services dropped 9.1% to LTL276.3 million over the period. Areas of growth included internet service revenue, which rose 3.6% year-on-year to LTL184.6 million in 2014, while TV and IT services revenues increased 1.5% to LTL62.6 million and 10.2% to LTL77.1 million, respectively. TEO, which is majority-owned by TeliaSonera, said that EBITDA for the fourth quarter of 2014 grew 2.3% year-on-year to LTL66.7 million, but declined by 7.4% from LTL292.7 million in FY 2013 to LTL271.1 million twelve months later. Net profit rose 3.8% year-on-year to LTL32.1 million in the three months ended 31 December 2014 and fell 11.9% to LTL131.5 million in the twelve-month period. TEO made capital investments of LTL103 million in 2014, of which LTL43 million was focused on the expansion of its fibre-to-the-home (FTTH) access network, which passed around 836,000 Lithuanian homes at the end of 2014.

TEO reported a total of 525,879 fixed telephony lines at 30 December 2014, a decrease of 7.0% from 565,327 a year earlier, while the number of broadband accesses rose 20.0% from 430,911 to 517,266 over the same period, including 200,539 FTTx customers (up 11.3% year-on-year) and 170,059 xDSL subscribers (down 3.7%). Television customers increased 8.5% over the twelve-month period to reach 186,935 at the end of 4Q14, of which 131,493 were IPTV users (up 23.8% year-on-year) and the remainder DVB-T users (a decrease of 16.1%).

Lithuania, Telia Lietuva