International Internet Magazine. Baltic States news & analytics
Monday, 08.02.2016, 01:48
A Lithuanian court has rejected an appeal by UK-registered company Baltic Media Alliance Ltd. against a three-month ban for the re-broadcasting of Russian-language TV channel Ren TV Baltic a year ago, informs LETA/BNS.
Keyword tags: Baltic States – CIS, EU – Baltic States, Legislation, Lithuania, Markets and Companies, Telecomunications
In 2015, the performance of Lithuania's telecommunication, IT and TV services provider Teo LT, which reported its first annual revenue growth since 2012, seems encouraging, market analysts have said, noting, however, that the company still lags behind major IT and telecommunications market players in terms of revenue growth, informs LETA/BNS.
Latvijas Mobilais Telefons (LMT) mobile telecommunications group generated EUR 22.1 million in profit in 2015, the company's long-standing CEO Juris Binde said on January 29th, cites LETA.
Lithuania's mobile phone operator Omnitel in 2015 posted 137 million euros in revenue, a rise of 7.2% from 127.8 million euros in 2014, informs LETA/BNS.
Due to financial reasons, the television channel TV5 will cease broadcasting from March 31, LETA was informed by representatives from MTG TV Latvia.
Lithuania's telecommunication, IT and TV services provider Teo LT said on Friday that its revenue rose by 1.1% in 2015 compared with 2014 to reach 204.6 million euros, marking the first annual growth since 2012, informs LETA/BNS.
Mobile operator Omnitel has won the auction of radio frequencies important for 4G network development organized by the Communications Regulatory Authority (RRT), informs LETA/BNS.