Published: 04/25/2024 08:56
Giedr Kaminskait-Salters, CEO of Telia Lietuva. photo of Vladimir Ivanovs (V).
The income of the telecommunications company Telia Lietuva in the first quarter of the year, compared to the same period last year, increased by 1.3% to 119 million. Eur.
The company’s EBITDA, excluding one-time expenses, grew by 6.2% to 43.9 million. EUR, net profit increased by 11.8% to 18.2 million. Eur.
Free cash flow rose by 57.4% to 25.7 million during the same period. Eur. Sales of IT and mobile communication services were the biggest contributors to growth, according to the company’s announcement.
Giedr Kaminskait-Salters, head of Telia Lithuania, notes that the company is successfully monetizing the leadership of 5G quality and coverage in Lithuania. currently, almost a quarter of the company’s business customers use 5G services.
At the beginning of the year, the sales of mobile communication and IT services grew successfully, and almost 30,000 new customers were attracted during the year, which was the biggest reason for the company’s results, says G. Kaminskait-Salters.
During the first quarter, Telia Lithuania’s income from IT services sales increased by 13%, domestic mobile sales increased by 12.1%, internet services by 6.4%. The number of customers of the Telia Play content platform increased by 2,000 to 260,000 during the year, and 27,000 new customers came to the Telia mobile network in the last twelve months.
The announcement also mentions that at the end of March, Telia was the first in the Baltic States to start providing Oracle Database As A Service services to businesses. The solutions used by the world’s most famous companies operate in data centers located in Lithuania and are always supported by Telia and Oracle specialists.
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