News


Teo grows TV base

Lithuanian telco Teo added 11,300 TV subscribers during the first six months of the year. The company which offers IPTV and DTT services, ended June with a total of 142,500 TV subscribers, of which 73,000 subscribed to IPTV and 70,000 took DTT services.

Revenue from TV services for the first half of the year were up 26% to LTL22,405,000 (€6.5 million).

At the end of March Teo’s share of the country’s digital TV market amounted to 48.3% and its share of the total pay TV market was 22.2%.

The telco also saw growth in broadband, attracting 8,800 new customers in the first half of the year, ending June with a total of 326,000 internet subs. Total revenues to the end of June were down 4.4% to LTL369,809 due to a decline in revenues from telephony services.