Lithuania’s fixed line incumbent TEO LT has announced it generated revenue of LTL570.5 million (USD213.6 million) in the first nine months of 2012, an increase of 2.9% from LTL554.3 million in the same period of 2011. Sales were boosted by an 8.2% year-on-year rise in internet sales to LTL128 million, a 21.2% increase in TV services to LTL42 million and a 41.6% year-on-year jump in IT services to LTL47 million, which helped to offset a 3.9% decline in voice telephony services to LTL269 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the nine-month period totalled LTL236.2 million, up 3.7% from LTL227.8 million a year earlier, while net profit grew 5.3% year-on-year to LTL123.6 million in 9M12. During the first nine months of 2012 capital investments totalled LTL100 million, the majority of which (LTL83 million) went towards the expansion of TEO’s core and fibre-optic access networks. TEO said revenue for the third quarter of 2012 totalled LTL189.8 million, an increase of 2.9% from LTL184.5 million in the same period a year earlier. EBITDA for the three months ended 30 September 2012 rose 6.7% year-on-year to LTL81.9 million, while net profit for the period grew 11.4% from LTL40.6 million in Q3 2011 to LTL45.3 million twelve months later.
At 30 September 2012 TEO reported a broadband internet subscriber base of 380,824, an increase of 3.7% from 367,396 customers a year earlier; the total includes 156,068 FTTx users, up 19.1% year-on-year thanks to the expansion of TEO’s fibre-optic network. With a presence in over 100 towns and cities, a total of 747,000 homes were covered by the infrastructure at the end of September 2012 (up from 705,000 a year earlier), representing 62% of the country’s households. Television customers increased 10.1% over the twelve-month period to reach 161,921 (including 89,076 IPTV users – up 17.6% year-on-year), while the total number of main telephone lines in service at the end of September 2012 amounted to 615,807, a decrease of 6.8% from 660,767 a year earlier.