OREANDA-NEWS. July 21, 2010. The total consolidated revenue of TEO LT, AB Group, the largest provider of integrated telecommunication, IT and TV services in Lithuania, during the first half of 2010 amounted to LTL 387 million, and net profit for the period amounted to LTL 83.6 million. The Company’s EBITDA for the first six months of 2010 was LTL 159.6 million, EBITDA margin – 41.2 per cent.

Last year, TEO revenue for the first six months amounted to LTL 408.9 million, and net profit of the Company amounted to LTL 91.9 million. EBITDA for January-June 2009 was LTL 190 million, while EBITDA margin – 46.5 per cent.

The total revenue for the second quarter of 2010 was LTL 195 million, an increase by 1.6 per cent over the total revenue of LTL 192 million for the first quarter of 2010.

 “During the first quarter of 2010, the Lithuanian electronic communications market contracted by more than 11 per cent and the recession continued. However, TEO managed to increase the number of broadband and TV customers and maintain its high EBITDA level and net profitability”, - Arunas Siksta, General Manager of TEO, said when commenting on the activity results.

 “Successful performance will allow the Company to continue investments in deployment of its next generation network by allocating for that purpose even more funds than in 2009”, - A. Siksta said.

The Company’s share of revenue from Internet and data communications services from total amount of revenue for the first six months of 2010 amounted to 33.4 per cent, voice telephony services – 54.8 per cent. The share of revenue from television services from total amount of revenue for January-June 2010 amounted to 4.6 per cent, IT services – 4.1 per cent and other services – 3.1 per cent.

Over the last 12 months, the number of the Company’s television service users increased by almost 33 per cent and at the end of June amounted to 114.1 thousand. The number of broadband Internet access users increased by 7.6 per cent – up to 326.9 thousand. The total number of main telephone lines in service at the end of June amounted to 703.1 thousand.

According to the data of the Communications Regulatory Authority of the Republic of Lithuania for the first quarter of 2010, TEO market share of the digital television service market in terms of revenue amounted to 39.9 per cent, while the share of the Internet access services market – 39.8 per cent. In terms of revenue from data communications services, in the first quarter of 2010 TEO market share was 69.3 per cent, in terms of revenue from fixed telephony services – 94.5 per cent, and from networks’ interconnection – 23.2 per cent.

During the first six months of 2010 the Company allocated LTL 51 million for investments. The majority of investments (LTL 49 million) went to expansion of the core network and development of the next generation fiber-optic access network. The remaining part was invested in the development IT systems and in the renovation of premises. In March, TEO opened a new customer care centre in Vilnius.

TEO Group consists of the parent company, TEO LT, AB, and its subsidiaries: Lintel, Baltic Data Center, Kompetencijos Ugdymo Centras and Verslo Investicijos. Baltic Data Center has a subsidiary UAB Interdata and a subsidiary in Latvia – Baltic Data Center SIA. TEO is the sole founder and owner of non-profit organisations VsI TEO Sportas and the Communications History Museum, which was established in July 2010. In June, the Board decided to transfer owners’ rights of VsI TEO Sportas to a non-profit organisation VsI Vici Sport. TEO Sportas used to support the women’s basketball team TEO.