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Encyclopedia > Lattelekom

Lattelekom is a Latvian telecom and ISP company.


Privatization

Lattelekom is a former state-owned telecommunications company. In 1994, 49% of the company's stock was sold to two foreign investors: Cable and Wireless and Telecom Finland (now part of TeliaSonera). Cable and Wireless later sold its stake to TeliaSonera which now owns 49% of the company. The remaining 51% of the company still belong to Latvian government. Further privatization is being discussed.


Lattelekom had a monopoly on fixed-line voice communications in Latvia until January 1, 2003. The Latvian fixed telecommunications market is now open to competition but Lattelekom still has an overwhelming share of the market. The company is also one of leading ISPs in Latvia and is one of owners of LMT (Latvijas Mobilais Telefons), Latvia's largest cell phone operator.


Company

As of 2003, Lattelekom employs about 3,000 people, has annual revenues of 140 million lat (approx. 310 million US dollars) and profit of 27 milllion lat (50 million US dollars).


External links

  • Lattelekom (http://www.lattelekom.lv)

  Results from FactBites:
 
Public Utilities Commission - 2003 (5970 words)
Evaluating LLC “Lattelekom” service quality indicators for voice telephony services in the public fixed telecommunications network over a two year period an overall quality improvement has been observed which was affected by switching of subscriber lines to the digital network, as well as modernization of the telecommunications network infrastructure.
LLC “Lattelekom” payphone service quality does not conform to the requirements of the universal telecommunications service quality parameters which means that the number of damaged payphones exceeds the limits placed by the requirements.
LLC “Lattelekom” universal telecommunications service commitments in 2004 envisage providing subscribers with a tariff plan of choice with telephone subscription fee which does not exceed a reasonable price of the universal telecommunications service which is calculated according to the aforementioned regulations.
  More results at FactBites »

 
 

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