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%).