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International Internet Magazine. Baltic States news & analytics Monday, 26.10.2020, 11:51

LMT and MikroTik establish 5G lab

BC, Riga, 15.10.2020.Print version
Mobile operator Latvijas Mobilais Telefons (LMT) and IT company MikroTik have established a 5G lab, testing the latest 5G technologies, said LMT spokeswoman Elina Lidere, cites LETA.


She said that early this year a 4G rooter was created in the lab, and now it has been put on sale, but in the fall work on prototype of 5G rooter has been completed, and it will be available in stores in the first quarter of next year.

LMT president Juris Binde said that LMT and partners have been working not only on development and infrastructure of 5G network, but is also developing innovative technological solutions that will allow to use 5G advantages in the future. In order to create these solutions, specific technical knowledge, sills and expertise, as well as environment for work, research and tests are needed.

The innovation lab created by LMT and MikroTik allows to test the new technologies in life.

MikroTik co-owner and board chairman John Tully said that along with development of 5G network, it is also important to create capable and functional devices that can use the advantages provided by 5G.

As reported, LMT last year generated EUR 186.099 million in turnover, up 6.4% from a year ago, while the company's profit increased 9.3% to EUR 30.566 million. LMT was established in January 1992 and its share capital is EUR 817,000. Sonera Holding and Telia Company each own 24.5% of LMT shares, 23% of the shares belong to TET and Latvian State Radio and Television Center each, while Latvian Public Assets Manager Possessor owns 5% of LMT shares.

MikroTik was established in 1996, and has a share capital of EUR 2,840. In 2018, the company posted EUR 258.711 million in turnover and EUR 73.349 million in profit. The company belongs in equal parts to Latvian national Arnis Riekstins and US citizen Martin John Tully.

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