May 25, 2017 12:02 PM ET

Wireless Telecommunication Services

Company Overview of UAB Bite Lietuva

Company Overview

UAB Bite Lietuva provides telecommunication services in the Baltic countries. The company offers mobile services, including voice, data applications, connectivity, and content. It offers its mobile services to the post-paid residential and business customers and to the pre-paid subscribers. The company also provides access to its Internet content services, such as wesite browsing, access to online news, download of games, video clips, and mobile television through its wireless application protocol portal. The company was formerly known as Bité GSM UAB and changed its name to UAB Bite Lietuva in June, 2005. The company was founded in 1995 and is based in Vilnius, Lithuania. UAB Bite Lietuva i...

Žemaites g. 15

Vilnius,  03504

Lithuania

Founded in 1995

Phone:

370 65 600 656

Fax:

370 69 900 111

Key Executives for UAB Bite Lietuva

Deputy Chief Executive Officer
Chief Financial Officer and Member of the Management Board
Chief Operating Officer of Private
Human Resources Director and Member of the Management Board
Customer Service & Regulatory Director and Member of the Management Board
Compensation as of Fiscal Year 2016.

UAB Bite Lietuva Key Developments

Bite Lithuania to Invest in Instant Payments System

Bite Lithuania has announced that it has plans to invest up to EUR 1 million in an instant payments system. Instant transfers will be possible over handsets using only the phone number of the recipient. The system will have an advantage over Lithuanian banks, which process transfers between different banks only five times a day. The operator has signed a memorandum on the development of functionality of the system of retail payments of the Lithuanian National Bank. The bank plans to complete the work by 1 November, 2017.

Bite Lietuva Reports Earnings Results for the Year 2015

Bite Lietuva reported earnings results for the year 2015. For the year, the company netted a profit of EUR 11.481 million, nearly three times as much as the EUR 3.875 million it netted the year before. The company's consolidated profit from sales went up by 9.9% to EUR 182.933 million. Income from mobile communications services increased by 4.4% to EUR 141.8 million year-on-year, while income from mobile telephone sales soared by 35.5% to EUR 39.9 million.

Bite Lietuva Reports Revenue Results for the Year 2015

Bite Lietuva reported revenue results for the year 2015. In the year, the company posted EUR 99 million in revenue, a rise of 4.4% compared with 2014.

Similar Private Companies By Industry

Company Name Region
Arcus Novus UAB Europe
JSC Cheap Data Communications Europe
UAB Bite Lietuva Europe
Mediafon UAB Europe
MVNO Eurocom Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 17, 2017
Modern Times Group Mtg AB, Baltic Broadcasting Businesses
 

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