Bite posts 9% decline in Q1 revenue

7 May 2014

Lithuanian telecoms group Bite, which provides mobile services in Latvia as well as its domestic market, has reported group revenue and other income of EUR40.3 million (USD56.0 million) for the three months ended 31 March 2014, a decrease of 9% from EUR44.1 million in the year-ago quarter, driven by a drop in interconnection rates. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) totalled EUR10.5 million in Q1 2014, down 16% from EUR12.6 million the previous year. In Lithuania, mobile operator Bite Lietuva reported revenue and other income of EUR26.6 million in the first three months of 2014, compared to EUR30.4 million twelve months earlier, while adjusted EBITDA in the group’s domestic market decreased 19% year-on-year to EUR7.5 million. Meanwhile, Bite Latvia’s revenue dropped by around 8% year-on-year to EUR14.6 million and EBITDA fell 7% to reach EUR2.7 million in the first quarter of 2014.

Bite noted that its post-paid subscriber base in Lithuania increased by 5% year-on-year, due to new rate plans introduced in the last quarter of 2013, while 3G territory coverage was increased to 87%. In Latvia, mobile contract customers rose 17% from the year-ago quarter.

Latvia, Lithuania, Bite Lithuania, Bite Latvia,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.