The turnover of Lattelecom increased by EUR 3 million


The turnover of the Lattelecom telecommunications company in the first quarter of 2018 was 47.8 million, which is 7% more than in the same period of 2017.

The growth was achieved in the provided new services as well as in new technological solutions and solutions in the field of entertainment. According to the chairman of Lattelecom’s board Juris Gulbis, the first quarter data proved, that the chosen strategy was correct.

In the first three months of this year, business in the IT sector increased, mainly in the segment of corporate clients.

The volume of construction at Citrus Solutions also doubled. At the moment, the company is implementing several projects to build the infrastructure of large public buildings important for Latvia.

In less than a year, the number of clients of power supply services tet reached 35 thousand.

Lattelecom group includes enterprises Lattelecom, Lattelecom BPO, Citrus Solutions, Lattelecom Technology, Media 360 and Baltijas Datoru akademija. Lattelecom owns 23% of the capital of the mobile operator in Latvijas Mobilais Telefons.

Lattelecom is owned by the state through the Privatization Agency (51%) and Tilts Communications (49%) registered in Denmark, the subsidiary of Telia Company.