Financial Services, Latvia, Technology

International Internet Magazine. Baltic States news & analytics Thursday, 07.05.2026, 17:12

Tet to pay EUR 8.2 mln total in dividends to state and Telia Company

BC, Riga , 07.12.2020.Print version
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Shareholders of telecommunications company Tet have decided to pay total of EUR 8.2 mln in dividends, LETA was told at the company.

A meeting of Tet shareholders on Friday, December 4, decided to pay out EUR 4.2 mln to the Latvian state and EUR 4 mln Telia Company, which is a Tet shareholder. 


As reported, Tet reported EUR 227.603 mln in turnover for 2019, which is an increase of 7.4% against a year before, while the group's profit dropped 13.3% to EUR 36.202 mln.

Tet shareholders are the Latvian state (51%) and Scandinavian telecommunications group Telia Company’s subsidiary Tilts Communications (49%). Tet Group includes Tet, Citrus Solutions, Lattelecom Technology, Helio Media and Baltijas Datoru Akademija. Tet owns a 23% stake in Latvijas Mobilais Telefons (LMT) mobile operator.

At Friday's meeting, Tet shareholders also decided to remove Juris Gulbis as chairman of the company's management board. 




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