It notes that Telia Latvija operated in an unpredictable external situation, but was able to adapt, reducing the negative impact to a minimum.
The company continued to perform stably in all main segments, but the turnover in the Internet services segment decreased slightly due to the further process of market consolidation, which affected several wholesale customers. On the other hand, Telia Latvija implemented several large-scale projects last year.
Earlier this year, the Latvian telecommunications company Tet, partially owned by Sweden’s Telia Company, entered into an agreement to acquire Telia Latvija from Telia Company. The value of the transaction, which included the refinancing of Telia Company’s loan, is 10.75 million. euros. “Tet” became the sole owner of the company “Telia Latvija”.
The company “Telia Latvija” was registered in 1992, its share capital is 35.35 million. euros.