TELIA LIETUVA, AB Interim Report January-June 2023
Telia Lietuva, AB
Telia Lietuva, AB | Interim Report January-June 2023
Table of Content
Financial | |
Statements |
- Financial highlights
07. Financial figures
08. Operating figures
08. Financial ratios
09. Revenue
11. Market information
- Expenses
- Earnings
- Financial position
- Capital investment and cash flow
- Investments into subsidiaries / associates
- Share capital and shareholders
- Dividends
- Information about related party transactions
- Research and development activities
- Risk management
- Plans and forecasts
- People
27. Corporate governance
31. Members of the Board
- Governing structure of Telia Lietuva
- Management Team
38. Sustainability overview
- Statement of profit or loss and other comprehensive income
- Statement of financial position
- Statement of changes in equity
- Statement of cash flows
- Notes to the financial statements
- Confirmation of responsible persons
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Management
Report
Telia Lietuva, AB | Interim Report January-June 2023 | 4 |
CEO comment
Historical milestone was reached during the second quarter of 2023. Telia Lietuva has completed the upgrade of its entire mobile network with Ericsson equipment and covered 99 per cent of Lithuania's population with 5G broadband. This early coverage of the entire country will not only benefit the population but also help Lithuania stand out in the international context.
5G connectivity today is much more than just faster internet. Its availability has become an indicator of how well-developed countries are and reaching 99 per cent 5G coverage has put us among Europe's elite. For each of us, this opens new spaces to work, opportunities to dive into virtual reality from any corner of Lithuania, or maybe even to see a robot delivering groceries rolling into our backyard. With such a well-developed 5G network, Lithuania is much more attractive to investors and developers of future technologies.
Lithuania's 5G success story is also special because it was "written" in record time. Protracted negotiations with neighboring countries on 5G frequencies pushed Lithuania into the last European 5G wagon, and commercial frequency auctions were only held in fall of 2022. Nevertheless, Telia Lietuva prepared in advance and on the very first day of the 5G switch-on in September 2022, 80 per cent of the country's population was immediately able to use next-generation connectivity on the Company's network.
Telia Lietuva currently has 1,650 mobile 5G base stations in Lithuania and for the time being shows unwavering leadership in 5G deployment in Lithuania.
New 5G connectivity is up to 10 times more energy efficient in terms of the amount of data it transmits, which is particularly important in view of the ever-increasing volume of data and our goal of achieving zero CO2 emissions in its operations by 2030.
In June, we introduced Voice over Wi-Fi technology - a novelty on the Lithuanian market. The service provides the possibility to make voice calls where the mobile network signal is weak or is not available.
Voice over Wi-Fi and other latest IT and telco technologies as well as the most modern equipment were employed by the Company to ensure an interrupted connectivity and operation of 1,200 workplaces media centre during the historic NATO summit in Vilnius in July 2023.
The number of DDoS attacks on state and private institutions during the NATO summit once again reveals the importance of cyber security solutions provided by Telia Lietuva.
Rapid deployment of 5G network and growing usage of mobile data using both 4G and 5G connectivity led to a double-digit increase in revenue from billed mobile communication services. Revenue from IT services continues to surge, too. Lower energy prices and successful control of other expenses resulted in record high EBITDA for the second quarter of 2023.
At the Annual General Meeting shareholders approved a pay-out of EUR 0.06 dividend per share (in total EUR 34.9 million) for the year 2022. Also, shareholders re-elected members of the Board for a new 2-year term and appointed Deloitte Lietuva as the Company auditor for the years 2023 and 2024. In June, members of the Board re-elected Dan Strömberg as Chair of the Board.
Giedrė Kaminskaitė-Salters
CEO of Telia Lietuva
What is Telia Lietuva?
By combining fixed and mobile connection, we provide people and businesses in Lithuania with the most advanced telecommunications, TV and IT services and solutions. Throughout Lithuania, our team of 2,000 professionals provides services to residents, enterprises, public sector institutions and non-governmental organizations. We are also a service provider to other local and international telecommunications operators.
We are a part of the international Telia Company Group, operating in the Nordic and Baltic countries. By working together, and sharing experiences and ideas, we provide millions of customers in seven countries with more opportunities and quality.
Telia Company owns 88.15 per cent of Telia Lietuva shares. Since 2000, Telia Lietuva shares are traded on Nasdaq VilniusStock Exchange (symbol - TEL1L). In total, Telia Lietuva has more than 14 thousand shareholders.
Telia Lietuva was conferred "Prime" status at the specialized ISS-oekom corporate rating, which indicates that the company's shares are considered a sustainable investment.
Being the largest telecommunications operator in Lithuania, we are designated by Communication Regulatory Authority (CRA) of Lithuania, as an operator with significant market power (SMP) in 5 telecommunications markets:
- voice call termination on the mobile network,
- calls termination on individual public telephone networks provided at a fixed location,
- wholesale local access provided at a fixed location,
- wholesale central access for mass market products,
- wholesale high quality data transmission services via terminating segment.
Telia Lietuva has a limited activities electronic money institution license issued by the Bank of Lithuania. The license grants the right to issue electronic money and provide payment services as set out in Article 5 of the Payments Law of the Republic of Lithuania.
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Together with other largest Lithuanian telecommunications operators, Bitė Lietuva and Tele2, we have established the not-for-profit organization VšĮ Numerio Perkėlimas, which administers a central database for ensuring telephone number portability in Lithuania. The Company has no other investments into subsidiaries or associates and has no branches or representative offices.
Our activities are certified for compliance with the following ISO standards: IT Management (ISO 20000), Information Security Management (ISO 27001), Quality Management (ISO 9001), Environmental Management (ISO 14001) and Occupational Health & Safety (ISO 45001).
Telia Lietuva, AB is a public company (joint-stock company) incorporated on 6 February 1992. The Company is headquartered in Vilnius, the capital of the Republic of Lithuania. Address of its registered office is Saltoniškių str. 7A, LT-03501, Vilnius, Lithuania. Our other offices are in Kaunas and Šiauliai.
Photo courtesy of invest Lithuania @Norbert Tukaj
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Telia Lietuva AB published this content on 20 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2023 11:11:23 UTC.
