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Wednesday, 24.04.2024, 04:02
Bite invested EUR 11.8 mln in infrastructure development in 2016
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He said that EUR 11.429 mln was diverted for the development
to network and technological development, but EUR 371,000 for customer service
development.
Buls added that this is just the firs stage in the company's
multi-year investments program. ''We plan on investing at least EUR 20 mln in
2016 and 2017 for infrastructure development. These investments will allow us
to gradually move toward the implementation of a 5G network,'' he said.
Last year, 80 4G+ base station were added, as well as 176 4G
stations, of which 25 were completely new ones. With this, the Bite network in
Latvia now has a total of 710 base stations, with another 90 expected to be set-up
this year.
As reported, in 2016 Bite Latvija reported a profit of EUR
8.645 mln on a turnover of EUR 76.668 mln.
Bite Latvija was founded in 2005 and currently belongs to
the Lithuanian company Bite Lietuva UAB.
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