Telia Lithuania, also known as Telia Lietuva and Teo LT, is a privately owned company headquartered in Lithuania and is a subsidiary of Telia Company. Founded in 1982, the company reported $534.1M in revenue as of 2024 and operates as a tier 1 media tech buyer. It specializes in telecoms, offering fixed line, mobile, broadband, and television services to consumers and businesses in Lithuania. The company resulted from the merger between Teo LT and Omnitel in 2015 and subsequently rebranded as Telia in 2017.
On July 17, 2026, Telia Company reported its second-quarter results, highlighting accelerating revenue growth and improved profitability across its Nordic and Baltic operations. The company achieved a 2.8% like-for-like service revenue growth, marking its fastest expansion in four years and surpassing its full-year target of approximately 2%. Earlier on the same day, Telia Lietuva AB's Board approved its unaudited Interim Financial Statements for the six-month period ending June 30, 2026, prepared according to International Financial Reporting Standards. This followed the appointment of Andreas Ekström, Head of Telia Asset Management at Telia Company, to Telia Lietuva's Board. Ekström joined the board after shareholders decided to replace Hannu-Matti Mäkinen, who resigned to take on new responsibilities within the Telia Company Group.
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Telia Lithuania offers 6 products in the media and telecoms services industry. Telia Lithuania's product portfolio comprises of consumer electronics, telecoms and media and TV services.
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Telia Lithuania's revenues were less than $1B in 2024. Caretta Research has split Telia Lithuania's revenue into 6 different product categories, the largest of which is enterprise broadband and voice. For full access to Telia Lithuania's revenue breakdown subscribe to Caretta Portal.
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