Teo LT, AB was the largest Lithuanian

broadband Internet In telecommunications, broadband or high speed is the wide- bandwidth data transmission that exploits signals at a wide spread of frequencies or several different simultaneous frequencies, and is used in fast Internet access. The transmission m ...

access and voice telephony services operator, providing integrated telecommunication, IT, and TV services to residents and business. In 2017, the company became part of Telia Company. TEO had more than 640,000 main lines in services, more than 370,000 broadband internet connections, more than 150,000 television service users and more than 3,000 employees. TEO Group was a part of Telia Company Group, which provides telecommunication services in the Nordic and

Baltic countries The Baltic states or the Baltic countries is a geopolitical term encompassing Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, and the OECD. The three sovereign states on the eastern co ...

, the emerging markets of Eurasia, including Russia and Turkey. Having started its operations as a state enterprise in 1992 as Lietuvos Telekomas, in 1998, the company was privatised by a consortium of Swedish Telia AB and Finnish Sonera Oy, Amber Teleholding A/S. The consortium acquired 60% of the company's shares. At the time of merger, Telia Company owned more than 88% of the shares. TEO LT, AB shares were traded on

NASDAQ OMX Vilnius The Nasdaq Vilnius is a stock exchange established in 1993 (''Vilnius Stock Exchange'', ''VSE'') and currently operated by Nasdaq, Inc.. Shares are listed on a Nasdaq Baltic stock exchange together with stocks from Latvia and Estonia. OMX Viln ...

stock exchange. Since 2006, TEO had been providing digital interactive television services, based on IP technology (IPTV), and

digital terrestrial television Digital terrestrial television (DTTV, DTT, or DTTB) is a technology for terrestrial television, in which television stations broadcast television content in a digital signal, digital format. Digital terrestrial television is a major technologica ...

services since 2008. In 2016, the number of TEO broadband Internet accesses increased by 3.4 percent, and reached 404 thousand at the end of the year. Of these, the number of fiber optic Internet accesses grew by 9.3 percent, and reached 246 thousand at the end of the year. On 1 February 2017, Teo merged with Omnitel and Baltic Data Center and renamed in Telia Lietuva. Teo Omnitel has acquired shares for €220 million. After Telia Lietuva, Teo, Omnitel and Baltic Data Center, the company has become the most telecommunications, IT and TV service company in Lithuania. The merged company was called Telia Lietuva. Telia Lietuva First 2017, the quarter revenue increased by 3.3% to 85.3 million compared to the same period in 2016. In December 2017, Telia Lithuania, Bitė Lietuva and Tele2 divided the shares of UAB Mobilieji Mokejimai equally (33.3 percent each).

References

{{Portal, Companies Telecommunications companies of Lithuania Companies listed on Nasdaq Vilnius Companies based in Vilnius 1992 establishments in Lithuania Telecommunications companies established in 1992