Teo LT was the largest Lithuanian broadband Internet access and voice telephony services operator, providing integrated telecommunication, IT, and TV services to residents and business. 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, 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 ...

, the emerging markets of

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, including

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eig ...

and

Turkey Turkey ( tr, Türkiye ), officially the Republic of Türkiye ( tr, Türkiye Cumhuriyeti, links=no ), is a transcontinental country located mainly on the Anatolian Peninsula in Western Asia, with a small portion on the Balkan Peninsula in ...

. 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 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 ...

Amber Teleholding A/S Amber is fossilized tree resin that has been appreciated for its color and natural beauty since Neolithic times. Much valued from antiquity to the present as a gemstone, amber is made into a variety of decorative objects."Amber" (2004). In Ma ...

. 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'') operating in Vilnius, Lithuania. It is owned by Nasdaq Nordic, which also operates Helsinki Stock Exchange and Stockholm Stock Exchange. OMX Vilni ...

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 or DTT, or DTTB with "broadcasting") is a technology for terrestrial television in which land-based (terrestrial) television stations broadcast television content by radio waves to televisions in consumers' ...

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. In February 2017, 1 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.

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