Latvian mobile operator Latvijas Mobilais Telefons (LMT) has expanded the coverage of its 4G Long Term Evolution (LTE) network to 50% of the country’s population, according to Telecompaper which did not cite its sources. It is understood that LMT’s 4G network currently comprises 393 LTE base transceiver stations (BTS) across Latvia. The cellco had a total of 1.079 million cellular subscribers as at 31 March 2014, while quarterly revenue reached EUR41 million (USD56.7 million) and EBITDA stood at EUR12 million, with a ‘stable’ EBITDA margin of 30%.
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