The TeliaSonera-backed Latvian incumbent Lattelecom has posted a profit of €30.2 million in 2013, up only slightly (€0.5 million) on the €29.7 million a year earlier.
However, quoting information supplied by Firmas, DB reports that the company’s turnover fell by 12%, from €188.89 million to €165.61 million, over the same period.
Lattelecom’s management looks back on 2013 as a successful year, not least because of its activities in the TV sector.
Besides winning a tender to supply DTT services in Latvia up to 20121, its catch-up service was extended to seven days.
Meanwhile, the number of channels offering archive and pause options was increased from six to 33, and those with recording capabilities from 30 to 53, and rewind from eight to 39.
Overall, more than half (53%) of its interactive TV subscribers used archive and recording services.
Lattelecom’s fibre-optic network was meanwhile available to over 476,000 households across Latvia.
Another highlight in 2013 was the launch of an internet service offering access speeds of up to 1 Gbps.