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Latest Satellite News Discussion, New TEO fees to stay the same at General Satellite News forum; TEO fees to stay the same By Chris Dziadul August 18, 2009 The Lithuanian incumbent telco TEO LT will not ...

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New TEO fees to stay the same - 18-August-2009, 15:30

TEO fees to stay the same

By Chris Dziadul

August 18, 2009



The Lithuanian incumbent telco TEO LT will not raise its prices once VAT is increased from 19% to 21% in the country this September.
As a result, it expects to lose almost LTL3 million (867,810) this year, rising to over LTL9 million in 2010.

TEO LT, which is 60% indirectly owned by TeliaSonera, operates both an IPTV and a DTT service, named Interactive GALA and Digital GALA respectively.

As of the end of June, it had a total of 85,800 TV subscribers.


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