Telia Lithuania
Telia Lietuva, AB is a leading telecommunications company in Lithuania, offering a comprehensive range of services to both residential and business customers. As a part of the Telia Company Group, which operates across six Nordic and Baltic countries, Telia Lietuva plays a pivotal role in the region’s digital landscape.
Company Overview
Founded in 1992, Telia Lietuva has evolved into a key player in Lithuania’s telecommunications sector. The company is headquartered at Saltoniškių street 7A, Vilnius, LT-03501, Lithuania. As of 2024, it employs approximately 1,894 individuals.
Service Portfolio
Telia Lietuva offers a diverse array of services, including:
- Fixed-Line Telephony: Traditional voice services for residential and business clients.
- Mobile Services: Comprehensive mobile solutions encompassing voice, SMS, and data services.
- Broadband Internet: High-speed internet connectivity through various technologies, including fiber-optic networks.
- Digital Television (IPTV): A range of television services delivered via internet protocol.
- IT Solutions: Customized information technology services tailored to business needs.
These offerings are designed to meet the evolving demands of Lithuania’s digital consumers and enterprises.
Financial Performance
In the fiscal year ending December 31, 2023, Telia Lietuva reported revenues of $518.03 million, with a gross profit of $315.41 million. The company’s operating income stood at $87.47 million, and net income was $69.12 million. Total assets were valued at $616 million, with total equity amounting to $388 million.
Market Position
Telia Lietuva is one of the leading telecommunications operators in Lithuania, competing with other major providers such as Tele2 and Bitė. As of Q1 2024, the company had approximately 1.63 million subscribers, reflecting its significant market presence.
Corporate Structure
Telia Lietuva is a subsidiary of Telia Company AB, a Swedish multinational telecommunications provider. The company’s shares are publicly traded on the Nasdaq Vilnius stock exchange under the ticker symbol TEL1L.
Recent Developments
In February 2017, Telia Lietuva was formed through the merger of Teo LT, Omnitel, and Baltic Data Center, consolidating fixed-line, mobile, and IT services under a single brand. This strategic move aimed to enhance service delivery and operational efficiency.
Future Outlook
Telia Lietuva is committed to advancing Lithuania’s digital infrastructure by investing in next-generation technologies and expanding its service offerings. The company focuses on delivering innovative solutions to meet the growing demands of its customers in an increasingly digital world.
In summary, Telia Lietuva stands as a cornerstone in Lithuania’s telecommunications industry, recognized for its extensive service portfolio, robust financial performance, and dedication to technological innovation.
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