Good for Business, Latvia, Markets and Companies, Technology, Telecomunications

"The main factors for steadily improving financial results are the group's efficiency and quality services. The largest increase in the number of clients was registered for television services, which demonstrates that our clients have a high opinion of our television content and functionality of our television services, as well as loyalty toward the company," CEO of Lattelecom Juris Gulbis emphasizes.

Lattelecom offers electronic communication solutions for households, smalll and medium enterprises, state and municipal institutions and corporate clients.

Lattelecom group consists of six companies – Lattelecom, Lattelecom BPO and its subsidiary BPO Baltic, Citrus Solutions, Lattelecom Technology and Baltijas Datoru akademija. Lattelecom also owns 23% of Latvijas Mobilais telefons shares.

Lattelecom was founded in 1992 as a state company under the name Lattelecom. In 1994, 49% of the company's shares were bought by a Danish company Tilts Communication which at the time belonged to Finland's Sonera, Britain's Cable&Wireless and the Republic of Latvia. In 1998, Sonera bought Cable&Wireless shares, and in 2002, Sonera merged with Sweden's Telia, forming TeliaSonera, which currently owns 49% of Lattelecom shares.