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.
The Latvian caretaker government will not finalize the deal to acquire shares in Latvijas Mobilais Telefons (LMT) and Tet from Telia during its current term, Economy Minister Viktors Valainis announced on September 2, reporting on his August 31 statement. Valainis indicated that the technocrat government's primary role is to prepare the transaction, not to make such a significant decision. Previously, on August 23, LMT's Head of Public Relations, Valdis Jaliņskis, reported mobile communication disruptions affecting 3% of the operator's customer connections, primarily in Latgale, Zemgale, and eastern Kurzeme, stating the situation was gradually improving. Earlier, on August 7, LMT confirmed its membership in the Smart Networks and Services Joint Undertaking's (SNS JU) Advisory Group, becoming one of 16 entities tasked with working on 6G implementation, where it will lead two major SNS JU initiatives.
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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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