Latvijas Mobilais Telefons, also known as LMT, a privately owned company headquartered in Latvia, is a subsidiary of Telia Company. Founded in 1992, the company employs approximately 500 individuals and reported $335.0M in revenue as of 2024. It functions as a tier 1 media tech buyer. The company specializes in telecoms, operating as the first mobile network operator in Latvia.
On March 24, 2026, LMT representative Alvis Buraks emphasized the need for state intervention to ensure mobile network coverage in Latgale, citing the 100,000 to 150,000 euro cost per tower and questioning the economic viability of building in "white spots" like swamps in border areas. Earlier in March, LMT installed its smart traffic monitoring solution in Ādaži. Integrated into the municipal monitoring system, this solution will enhance road safety for three years by automatically detecting traffic violations and transmitting data to the Road Traffic Safety Directorate (CSDD) and Municipal Police. The LMT Innovations team will also attend the ITS European Congress in Istanbul, Turkey, from April 27 to 29, 2026, focusing on smart, safe, and sustainable mobility. Separately, in March, LMT announced it would provide free calls and SMS to post-paid customers in several crisis-affected Middle Eastern countries due to the escalating security situation. This followed LMT being named among Latvia's top three best employers for 2025 on March 2, alongside Swedbank, with "Virši" recognized as the best employer.
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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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