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March 31, 2015 4:54 PM ET

Wireless Telecommunication Services

Company Overview of Latvijas Mobilais Telefons SIA

Company Overview

Latvijas Mobilais Telefons SIA operates mobile communications networks in Latvia. It offers voice transmission, data transmission, wireless Internet access, WAP services, mobile banking, GPRS services, international roaming services, M2M solutions, callback services, and handsets for corporate customers. It sells its products through dealers. The company was founded in 1992 and is based in Riga, Latvia. As of April 14, 2008, Latvijas Mobilais Telefons SIA operates as a subsidiary of TeliaSonera Aktiebolag (publ).

Ropazu iela 6

Riga,  1039


Founded in 1992


371 2934 0000


371 6777 3707

Key Executives for Latvijas Mobilais Telefons SIA

Latvijas Mobilais Telefons SIA does not have any Key Executives recorded.

Latvijas Mobilais Telefons SIA Key Developments

Government To Sell Stake In LMT And Lattelecom

The possible privatization of the state held shares in Latvijas Mobilais Telefons SIA and SIA Lattelecom should be critically assessed from the point of view of infrastructure, said Latvian Transport Minister Anrijs Matiss in an interview with the Latvian public radio on March 19, 2015. By allowing Scandinavian concern Telia Sonera to fully acquire the company, the state may turn into a hostage as all telecommunication networks would then be in private hands.

Latvijas Mobilais Telefons SIA Reports Audited Earnings Results for the Year Ended December 31, 2014

Latvijas Mobilais Telefons SIA reported audited earnings results for the year ended December 31, 2014. For the year, the company reported net sales of SEK 1,206 million against SEK 1,333 million a year ago. Net income was SEK 178 million against SEK 201 million a year ago. Net income allocated to NCI was SEK 71 million against SEK 80 million a year ago. Cash flow from operating activities was SEK 497 million against SEK 316 million a year ago. Free cash flow was SEK 202 million against SEK 114 million a year ago.

LMT Reports Earnings Results for the Year 2014

LMT reported earnings results for the year 2014. For the period, the company's net profit declined to EUR 22 million, from EUR 26 million the year before. Revenues amounted to EUR 161.3 million.

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