Telia Eesti AS (formerly AS Eesti Telekom) is one of the largest telecommunication companies in the

Baltic States The Baltic states, et, Balti riigid or the Baltic countries is a geopolitical term, which currently is used to group three countries: Estonia, Latvia, and Lithuania. All three countries are members of NATO, the European Union, the Eurozone, ...

and member of

Telia Company Telia Company AB is a Swedish multinational telecommunications company and mobile network operator present in Sweden, Finland, Norway, Denmark, Estonia, Latvia and Lithuania. Telia also owns TV4 Media which includes TV4 in Sweden, MTV Oy in F ...

. AS Eesti Telekom is a

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

registered and operating in the

Republic of Estonia A republic () is a "state in which power rests with the people or their representatives; specifically a state without a monarchy" and also a "government, or system of government, of such a state." Previously, especially in the 17th and 18th c ...

, whose

subsidiaries A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a sam ...

provide

telecommunications Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...

services. The company, founded in 1991 after the independence of Estonia, took over the existing government telephone network. The company started with a copper cable network from the Soviet Russian period and a long list of people who were waiting for a telephone connection. Equipped with an eight -year monopoly, the company invested in building a new telephone network. In the 1990s there was an entry into the Internet with the NETI search engine, internet access under the ATLAS brand and email at hot. When the monopoly ended in the landline in 2000, telephone services were positioned under ET on the competition market. Eesti Telekom changed its name to Telia Eesti in 2016. Estonian mobile operator EMT and broadband operator Elion have merged their functions and are known as AS Eesti Telekom since August 2014. AS Eesti Telekom is not directly involved in commercial operations, and its

profit Profit may refer to: Business and law * Profit (accounting), the difference between the purchase price and the costs of bringing to market * Profit (economics), normal profit and economic profit * Profit (real property), a nonpossessory inter ...

accumulates mainly from the profits of other companies in the group. In 2008 the net sales of the Eesti Telekom Group totalled 6,190 million kroons, a decrease of 1% over the year. The group's

net profit In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, ...

was 1,438 million kroons. Telia Eesti is a member of Estonian Association of Information Technology and Telecommunications. The

share capital A corporation's share capital, commonly referred to as capital stock in the United States, is the portion of a corporation's equity that has been derived by the issue of shares in the corporation to a shareholder, usually for cash. "Share capita ...

of AS Eesti Telekom consists of 137,954,528 of

ordinary shares Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Co ...

with a nominal value of 10 kroons each The company's ordinary shares are divided among

shareholder A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal ow ...

s in the following manner: *

AB 137,954,529 shares 100%

References

External links

* Telecommunications companies of Estonia Telecommunications companies established in 1993 Companies based in Tallinn 1993 establishments in Estonia {{Europe-company-stub