Teo LT

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TEO LT, AB
Akcinė bendrovė
(Publicly traded)
Traded as Nasdaq BalticTEO1L
Industry Telecommunications
Founded 1992
Headquarters Vilnius, Lithuania
Area served
Lithuania
Key people
Kęstutis Šliužas(CEO)
Products Fixed-line communications, Digital terrestrial television, IPTV, Internet services, FTTH
Revenue 215 million EUR (2013)[1]
Website www.teo.lt

Teo LT was the largest Lithuanian broadband Internet access and voice telephony services operator, providing integrated telecommunication, IT, and TV services to residents and business.

TEO had more than 640,000 main lines in services, more than 370,000 broadband internet connections, more than 150,000 television service users and more than 3,000 employees.

TEO Group was a part of Telia Company Group, which provides telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey.

Having started its operations as a state enterprise in 1992 as Lietuvos Telekomas, in 1998 the company was privatised by a consortium of Swedish Telia AB and Finnish Sonera Oy, Amber Teleholding A/S. The consortium acquired 60% of the company's shares. At the time of merger, Telia Company owned more than 88% of the shares. TEO LT, AB shares were traded on NASDAQ OMX Vilnius stock exchange.

Since 2006, TEO had been providing digital interactive television services, based on IP technology (IPTV), and digital terrestrial television services since 2008.

In 2017, TEO merged with Omnitel to become Telia Lithuania. [2]

References[edit]

  1. ^ http://www.teo.lt/press/6295
  2. ^ "Archived copy". Archived from the original on 2016-01-21. Retrieved 2017-03-03.