The Latvian incumbent Tet has launched a global network connecting the capital, Riga, with eight European countries.
Known as Baltic Net, it is comprised of 10 nodes and two connections – to Vilnius and Stockholm – providing data rates of up to 100 Gbps.
Tet notes that it has invested €17.4 million in infrastructure and development in the first eight months of the year, with the annual total set to rise €31 million.
Baltic Net is only one part of a large investment in fast internet in Latvia and internationally, with the company strengthening its positiom as a leader in internet infrastructure, not only in Latvia but Europe.
Tet also notes that Latvia has become a leader in Europe in terms of internet connections reaching 100 Mbps.
According to FTTH Council Europe data, 50.2% of households have fibre optic connections, well above the EU average of 13.9%.
In a separate development, Tet has announced that as of September 23 the name of its subsidiary Lattelecom Technology has been changed to T2T.
