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TEO posts impressive results

July 21, 2009 10.00 Europe/London By Chris Dziadul

Gala TVThe Lithuanian incumbent telco TEO LT ended June with 47,900 subscribers to its IPTV service Interactive GALA, or 7,600 more than at the start of the year.

At the same time, its DTT service Digital GALA had 37,900 subscribers, or 11,500 more than six months earlier.

The total number of TEO broadband internet customers meanwhile stood at 303,800, which was up by 5,700 over the same period.

TEO LT’s consolidated revenues in the first half of the year amounted to LTL408.9 million (€118.6 million), which was slightly down on the LTL412 million posted in the corresponding period in 2008.

However, both EBITDA (LTL190 million) and net profit (LTL91.9 million) were both up, by 1.7% and 2.9% respectively.

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Filed Under: Central & East Europe, Finance, IPTV, Newsline, Terrestrial Edited: 21 July 2009 10:01

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