Analytics, Good for Business, Latvia, Rating, Telecomunications
International Internet Magazine. Baltic States news & analytics
Wednesday, 17.04.2024, 23:49
Lattelecom the leading telecommunications company in Latvia in 2017
Lattelecom posted EUR 173.851 mln in turnover last year, which is 4.2% more than in 2016.
Mobile network operator Latvijas Mobilais Telefons is ranked second with turnover at EUR 163.664 mln last year, 3.7% up on 2016, while Tele2 Latvia, whose turnover increased 12.6% to EUR 125.208 mln last year, is third.
Tele2 is the most profitable company in the industry, with profit margin at 22.9%.
Bite Latvija was the fourth largest telecommunications company in Latvia last year with turnover at EUR 91.642 mln (16% increase), LMT Retail & Logistics was fifth - EUR 81.789 mln (16.1% up). Belam Riga is sixth - EUR 24.831 mln (45.8% up), Huawei Technologies Latvia is seventh - EUR 22.735 mln (23% increase), Polaris TLC is eight - 21.352 miln, Citrus Solutions is in ninth place - 20.219 mln (28.2% down), and Xotel is tenth - EUR 19.249 mln (41.4% decrease).