Latvijas Mobilais Telefons, also known as LMT, is a privately owned company headquartered in Latvia. It is a subsidiary of Telia Company. Founded in 1992, the company employs approximately 500 individuals and reported $335.0M in revenue as of 2024. LMT operates as a tier 1 media tech buyer. Functioning primarily in telecoms, it holds the distinction of being the first mobile network operator in Latvia.

2024 Revenue

Founded

1992

Headcount

500

Headquarters

Latvia

Primary Segment

Telecoms

Ownership

Privately Owned

News Summary:

On July 6, 2026, LMT announced its security service, LMT Call Firewall, blocked more than 7.6 million fraudulent calls between January and May, with an additional 2.8 million fraudulent calls blocked in June alone. Approximately 1.9 million of the calls blocked from January to May used Latvian telephone numbers, as fraudsters increasingly adapt their methods to use foreign numbering. These efforts indicate a 34% reduction in scam activity compared to 2025, aligning with broader European Union initiatives to combat telecom fraud, which cost EU consumers an estimated €12.8 billion annually in 2025. Previously, on July 3, 2026, LMT, in collaboration with Latvian Railways, began testing private 5G network technologies for rail infrastructure management, marking the first such test in the Baltics. This initiative aims to prepare for the Future Railways Mobile Communication System (FRMCS), which all EU rail operators must implement by 2035. Earlier, on June 8, 2026, LMT announced plans to invest EUR 38 million in upgrading its network infrastructure during the year. This investment includes deploying ten new base stations and upgrading over 200 existing base stations, from the operator's more than 1700 nationwide, while continuing the development of 5G Standalone in commercial mode.

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Latvijas Mobilais Telefons (LMT) offers 5 products in the media and telecoms services industry. Latvijas Mobilais Telefons (LMT)'s product portfolio comprises of telecoms and media and TV services.
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Latvijas Mobilais Telefons (LMT)'s revenues were less than $500M in 2024. Caretta Research has split Latvijas Mobilais Telefons (LMT)'s revenue into 5 different product categories, the largest of which is mobile services. For full access to Latvijas Mobilais Telefons (LMT)'s revenue breakdown subscribe to Caretta Portal.
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Examples of Latvijas Mobilais Telefons (LMT)'s suppliers include Vantiva, Broadpeak and Google.

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