Lithuanian IPTV take-up grows

October 16, 2013 07.55 Europe/London By Chris Dziadul

gala-brollyThe Lithuanian incumbent TEO ended the third quarter with a total of 171,000 subscribers to its TV services.

Of these, over 100,000 received the Interactive GALA IPTV offer, with the number having risen by 15.2% over the previous 12 months.

Total revenues from TEO’s TV services meanwhile grew by 10%, while in the first nine months of the year TV services accounted for 8.4% of its total income.

TEO’s revenues in Q3 amounted to LTL181 million (€52.2 million), up by 1.9% on the previous quarter, thanks to the implementation of several major IT projects, resulting in an increase in internet and TV customers.

TEO’s net profit for the first nine months of the year was LTL118.2 million.