TEO LT, the incumbent fixed line operator in Lithuania, has reported revenue of LTL181.3 million (USD70.8 million) for the three months ended 30 September 2013, a decrease of 4.5% from LTL189.8 million in the year-ago period. Nine-month revenue dropped 5.0% year-on-year to LTL541.8 million, as sales from voice telephony services fell 13.4% to LTL233 million over the period. Areas of growth included internet service revenue, which rose 4.1% year-on-year to LTL133 million in 9M 2013, while TV and IT services revenues increased 10.0% to LTL46 million and 9.1% to LTL51 million, respectively. TEO said that EBITDA for the third quarter of 2013 fell 4.7% year-on-year to LTL78.1 million, and declined by 3.6% from LTL236.2 million in 9M 2012 to LTL227.6 million twelve months later. Net profit declined 5.9% year-on-year to LTL42.6 million in the three months ended 30 September 2013 and fell 4.3% to LTL118.2 million in the nine-month period. TEO made capital investments of LTL82 million in the first nine months of 2013, of which LTL33 million went towards the expansion of its fibre-to-the-home (FTTH) access network, which is present in more than 100 towns and cities across the country, passing around 66% of households (790,000) by the end of Q3 2013.
TEO reported a broadband internet subscriber base of 418,259 at 30 September 2013 (an increase of 9.8% from 380,824 twelve months earlier), including 173,259 FTTx customers (up 11.4% year-on-year) and 178,462 xDSL subscribers (down 4.3%). Television customers increased 5.6% over the twelve-month period to reach 171,041 at the end of 3Q13 (including 102,658 IPTV users – up 15.2% year-on-year), while the total number of main telephone lines in service at the end of Q3 2013 amounted to 575,778, a decrease of 6.5% from 615,807 a year earlier.