Lithuania's TEO nears 50k IPTV subs

Lithuanian telco TEO added 7,600 subscribers to its IPTV service 'Gala TV' in the first six months of this year, bringing the total to 47,900 at the end of June.

The company's DVB-T service 'Digital Gala' meanwhile added 11,500 subscribers in the period to reach 37,900 by the end of June. Revenues from television services (both IPTV and DVB-T) accounted for 3.1% of total revenues, while its Internet and data communication services accounted for 34.3% of all revenues, and traditional voice telephony services accounted for 56.9%.

Total revenues across all operations for the first six months of this year reached LTL 408.9mn (US$ 168.352mn), down from LTL 412mn one year previously, while net income for the period rose 2.9% by the same comparison to reach LTL 91.9mn.