OREANDA-NEWS. April 18, 2011. The total consolidated revenue of TEO LT, AB Group, the largest provider of integrated telecommunication, IT and TV services in Lithuania, during the first quarter of 2011 amounted to LTL 185.8 million, and net profit for the period amounted to LTL 37.7 million. The Company's EBITDA for the first three months of 2011 was LTL 73.9 million, EBITDA margin - 39.8 per cent.

Last year, TEO revenue for the first three months amounted to LTL 192 million, and net profit amounted to LTL 43 million. EBITDA for January-March 2010 was 81.4 million, while EBITDA margin - 42.4 per cent.

"During the first quarter of 2011, TEO achieved good performance results, the Company's revenue reached the forecasted level. There was a rapid growth in the number of the Company's broadband Internet customers - the number of the next-generation fiber-optic Internet service users alone grew by more than 9 percent this year", - Arunas Shikshta, General Manager of TEO, said when commenting on the activity results.

"We see that the number of business customers already tends to grow, while the number of bad debts is decreasing. These can be regarded as signs of economic recovery that are encouraging us for the whole year", - A. Shikshta said.

The Company's share of revenue from Internet and data communications services from total amount of revenue for the first three months of 2011 amounted to 33.7 per cent, voice telephony services - 52.2 per cent. The share of revenue from television services from total amount of revenue for the first three months of 2011 amounted to 6 per cent, IT services - 5 per cent and other services - 3.1 per cent.

Over the last 12 months, the number of the Company's television service users increased by almost 28 per cent and at the end of March amounted to 138.5 thousand. The number of broadband Internet access users increased by 10.5 per cent - up to 352.7 thousand. The total number of main telephone lines in service at the end of March amounted to 679.6 thousand.

According to the data of the Communications Regulatory Authority of the Republic of Lithuania for the fourth quarter of 2010, TEO market share of the Internet access services market in terms of revenue amounted to 38.5 per cent, while TEO market share in terms of revenue from data communications services was 64.1 per cent. In the fourth quarter of 2010 TEO market share in terms of revenue from fixed telephony services was 93.3 per cent.

During the first three months of 2011 the Company allocated LTL 14.6 million for investments. The majority of investments (LTL 13.6 million) went to expansion of core and fiber-optic access networks.

TEO Group consists of the parent company, TEO LT, AB, and its subsidiaries: Lintel, Baltic Data Center, Kompetencijos Ugdymo Centras and Verslo Investicijos. TEO is the founder and sole owner of The Communications History Museum. Baltic Data Center has two subsidiaries - Hostex and Interdata, and a subsidiary in Latvia - Baltic Data Center SIA.