Teo LT

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TEO LT, AB
Type Akcinė bendrovė
(Publicly traded)
Traded as OMXTEO1L
Industry Telecommunications
Founded 1992
Headquarters Vilnius, Lithuania
Area served Lithuania
Key people Arūnas Šikšta (CEO)
Products Fixed-line communications, Digital terrestrial television, IPTV, Internet services, FTTH
Revenue LTL 750 million LTL (2011)[1]
Website www.teo.lt
TEO LT headquarters in Vilnius (on right).

Teo LT (until 2006 called Lietuvos Telekomas) is a telecommunications company in Lithuania. TEO is the largest Lithuanian broadband Internet access and voice telephony services operator, providing integrated telecommunication, IT and TV services to residents and business.

TEO has more than 640 thousand main lines in services, more than 370 thousand broadband internet connections, more than 150 thousand television service users and more than 3 thousand employees.

TEO Group is a part of TeliaSonera Group, which provides telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain.

Having started its operations as a state enterprise in 1992 under the name Lietuvos Telekomas, the Company in 1998 was privatised by then consortium of Swedish Telia AB and Finnish Sonera Oy, Amber Teleholding A/S. The consortium acquired 60 per cent of the Company's shares. Now TeliaSonera owns more than 88 per cent of the Company's shares. TEO LT, AB shares are traded on NASDAQ OMX Vilnius Stock Exchange.

In 2006, the Company's name was changed from AB Lietuvos Telekomas to TEO LT, AB.

Today the Company holds leader positions on Internet, data communication and fixed-line telephony markets. Current capabilities of the Company allow to offer customers state-of-the-art technologies that are not in any way worse than those offered by the world’s most advanced telecommunications market players.

From 2006 TEO provides digital interactive television, based on IP technology (IPTV), and from 2008 digital terrestrial television services.

TEO corporate brand comprises all the activities carried out by the Company – voice, Internet, television, data communication and IT services. Respectively, these activities have four secondary brands: VOX – voice services for residents, ZEBRA – Internet services for residents, GALA – digital television, and TEO VERSLAS (TEO BUSINESS) – Internet, voice telephony, data communication and IT services for business.

Through its subsidiary UAB Lintel, the Company owns the biggest, in terms of business volumes, and the most modern, in terms of technologies and management, call center in Lithuania.

Another subsidiary, UAB Baltic Data Center, is a leading provider of data center and information system management services in the Baltic States.

The Company follows principle of socially responsible business and pays much attention to social activities. TEO supports the Communications History Museum in Kaunas.

Teo LT and its subsidiary Lintel were the main sponsors of women's basketball clubs from Vilnius: BC Teo and BC Lintel-118. They also provided the funding required to send the Lithuanian representatives to Eurovision Song Contest 2010.[2]

References[edit]

  1. ^ http://www.teo.lt/en/node/1454
  2. ^ Hondal, Victor (2010-01-06). "First details on the 2010 Lithuanian national selection". ESCToday. Retrieved 2010-01-06.