Teo LT

TEO LT, AB

Type	Akcinė bendrovė (Publicly traded)
Traded as	OMX: TEO1L
Industry	Telecommunications
Founded	1992
Headquarters	Vilnius, Lithuania
Area served	Lithuania
Key people	Kęstutis Šliužas (CEO)
Products	Fixed-line communications, Digital terrestrial television, IPTV, Internet services, FTTH
Revenue	215 million EUR (2013)
Website	www.teo.lt

TEO LT headquarters in Vilnius (on right).

Teo LT (until 2006 called Lietuvos Telekomas) is a telecommunications company in Lithuania. TEO is the largest Lithuanian broadband Internet access and voice telephony services operator, providing integrated telecommunication, IT, and TV services to residents and business.

TEO has 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 is a part of TeliaSonera Group, which provides telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain.

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. Now TeliaSonera owns more than 88% of the shares. TEO LT, AB shares are traded on NASDAQ OMX Vilnius stock exchange.

In 2006, the company's name was changed from AB Lietuvos Telekomas to TEO LT, AB.

Today, TEO is a leader in the Internet, data communication, and fixed-line telephony markets.

Since 2006, TEO has been providing digital interactive television services, based on IP technology (IPTV), and digital terrestrial television services since 2008.

The TEO corporate brand comprises voice, Internet, television, data communication, and IT services. These activities have four secondary brands: VOX – voice services for residents, ZEBRA – Internet services for residents, GALA – digital television, and TEO VERSLAS for businesses.

TEO subsidiary UAB Lintel is the largest, most advanced call center in Lithuania.

Another subsidiary, UAB Baltic Data Center, is a leading provider of data center and information system management services in the Baltic.

TEO seeks to be a socially responsible business, and supports the Communications History Museum in Kaunas. Teo LT and its subsidiary Lintel were the main sponsors of two women's basketball clubs from Vilnius, BC Teo and BC Lintel-118. They also provided the funding required to send the Lithuanian representatives to Eurovision Song Contest 2010.