Tet (formerly Lattelecom)

Tet (formerly Lattelecom) - Latvian IT-.integrator

History and performance indicators

2019: Rebranding

On April 1, 2019, SIA (LLC) Lattelecom officially changed its name to SIA (LLC) Tet. On April 2, the usual names of Wi-Fi networks changed, and throughout April it was planned to change the design of stores. The company intends to move to Tet gradually so that customers do not need to take any additional actions.

On April 2, the updated visual image and the name Tet have already received Lattelecom stores in Riga (in Alfa and on Dzirnavu St.) and Rezekne. They will be followed by a store in Akropole, as well as stores in Liepaja, Cesis and Jekabpils, while the remaining Lattelecom stores should switch to an updated brand during April.^[1]

2018

2017

2016

Owners

As of 2016, 51% of Lattelecom's capital belongs to the Latvian state, 49% to the Scandinavian telecommunications concern TeliaSonera AB. Lattelecom owns 23% of the capital of the Latvian mobile operator Latvian mobilais telefons.

Lattelecom is the largest company in Latvia, providing electronic services, data and IT infrastructure solutions, network design and construction services and IT outsourcing. A resilient virtual ITaaS platform will allow Lattelecom to expand its portfolio of services by providing competitive, reliable cloud services to corporate customers both domestically and in neighboring countries.

Assets

According to 2016 data, there are five companies in the Lattelecom group: Lattelecom LLC, Lattelecom BPO LLC, Citrus Solutions LLC and Lattelecom Technology LLC.

2015

Turnover of EUR 191 million per year

2013

2008

The performance of Lattelecom in 2008, as well as other companies, was significantly affected by inflation - rising prices for labor, utilities and energy resources. In turn, the economic downturn in Latvia had a significant impact in the second half of 2008.

2008 marked the fact that mobile service providers continued to rapidly enter the market for Internet access services, and these trends influenced the fact that Lattelecom had to compete with mobile operators not only in voice services, but also in the market for Internet access services.

Notes