Growth for Teo’s TV business

Lithuanian telco Teo ended the first quarter of 2012 with 154,200 TV subscribers, an increase of 11.4% year-on-year.

The company now has a 22.8% share of the country’s pay TV market and a 45% share of the digital TV market.
Revenue from TV services reached LTL13.7 million (€4 million), up from LTL11 million for the corresponding period in 2011.

Teo’s internet business also saw revenues increase, to LTL41.3 million from LTL39.5 million.