At the end of the third quarter, Teo had 380,800 broadband customers and 615,800 phone customers. Revenue for the first three quarters was LTL570.5 million (€165 million), up 3%. The company posted a net profit of LTL123.6 million, up from LTL117.3 million.
“The continuously improving digital TV and internet services enabled to increase the number of customers using them. Despite the continued shrinking of the Lithuanian telecommunications market this year, Teo increased its revenue, while successful cost control allowed us to improve profitability,” said Arūnas Šikšta, general manager of TEO.
Telefónica sees OTT growth offset pay TV decline digitaltveurope.com/2020/10/29/tel… https://t.co/MWRjEKnmfe
29 October 2020 @ 14:00:01 UTC
Amazon hires ex-BritBox chief Soumya Sriraman to lead US channels business digitaltveurope.com/2020/10/29/ama… https://t.co/3PMXHd0ISa
29 October 2020 @ 13:01:59 UTC
Looking for targeted leads and speaking opportunities? Get involved with DTVE’s next symposium on 24, 26 Nov, 1, 3,… twitter.com/i/web/status/1…
29 October 2020 @ 12:59:59 UTC