TEO grows sub base, revenues

The Lithuanian incumbent telco TEO LT had a total of 47,500 users of its Gala IPTV and DTT services at the end of Q3.

At the same time, it also had 286,400 broadband internet subscribers, or 27,800 more than at the beginning of the year.

TEO LTís consolidated revenues in the first nine months of the year amounted to LTL613 million (Ä177.5 million) or 5.3% more than in the same period in 2007.

Its net profit meanwhile rose by 5.7% to LTL129 million.