TEO LT, AB Group is an information and communication technology company, providing integrated telecommunication, IT and television services to residents and businesses in Lithuania.
Teo is a part of TeliaSonera Group, which provides telecommunication services in the Nordic and Baltic countries, the emerging markets of Eurasia, including Russia and Turkey, and in Spain.
Having started its operations as a state enterprise in 1992 under the name Lietuvos Telekomas, the Company in 1998 was privatised by the then consortium of Swedish Telia AB and Finnish Sonera Oy, Amber Teleholding A/S. The consortium acquired 60 per cent of the Company's shares.
Now TeliaSonera owns more than 88 per cent of the Company's shares.
Within a few years after its privatisation, the Company managed to evolve from an old monopoly state enterprise to one of the most modern telecommunications companies in Eastern and Central Europe focusing on the customer and firmly leading on different telecommunications service markets of Lithuania.
In 2006, the Company's name was changed from AB Lietuvos Telekomas to Teo.
Today the Company holds leader positions on Internet, data communication, fixed-line telephony and pay-TV markets. Current capabilities of the Company allow to offer customers state-of-the-art technologies that are not in any way worse than those offered by the world’s most advanced telecommunications market players.
The Company follows principle of socially responsible business and pays much attention to social activities. Teo supports the Communications History Museum in Kaunas.
Vision of Teo is to be the best partner in communicating with the constantly changing world. By constantly introducing the most advanced technologies the Company aims at enabling its customers to reach people, knowledge and entertainment simply and easily.