Teo LT
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Akcinė bendrovė (Publicly traded) | |
| Traded as | Nasdaq Baltic: TEO1L |
| Industry | Telecommunications |
| Founded | 1992 |
| Headquarters | Vilnius, Lithuania |
Area served | Lithuania |
Key people | Kęstutis Šliužas (CEO) |
| Products | Fixed-line communications, Digital terrestrial television, IPTV, Internet services, FTTH |
| Revenue | 215 million EUR (2013)[1] |
| Website | www.teo.lt |
Teo LT is the largest Lithuanian broadband Internet access and voice telephony services operator, providing integrated telecommunication, IT, and TV services to residents and business.
TEO has more than 640,000 main lines in services, more than 370,000 broadband internet connections, more than 150,000 television service users and more than 3,000 employees.
TEO Group is a part of Telia Company Group, which provides telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey.
Having started its operations as a state enterprise in 1992 as Lietuvos Telekomas, in 1998 the company was privatised by a consortium of Swedish Telia AB and Finnish Sonera Oy, Amber Teleholding A/S. The consortium acquired 60% of the company's shares. Now Telia Company owns more than 88% of the shares. TEO LT, AB shares are traded on NASDAQ OMX Vilnius stock exchange.
Today, TEO is a leader in the Internet, data communication, and fixed-line telephony markets.
Since 2006, TEO has been providing digital interactive television services, based on IP technology (IPTV), and digital terrestrial television services since 2008.