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Teo.ltAbout TeoTeo in Brief

Teo in Brief

 




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 Telia Company Group, which provides telecommunication services in the Nordic and Baltic countries, 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. In December 2002, strategic investors of the Company merged into a joint company TeliaSonera AB (Sweden). On 13 April 2016, TeliaSonera AB changed its name to Telia Company AB. 
 
Now Telia Company 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 Lietuvos Telekomas to Teo.
 
Today the Company holds leader positions on Internet, pay-TV, IT infrastructure and fixed voice telephony 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.

In 2016, Teo joined the forces with the mobile operator Omnitel and started to create a new generation telco in Lithuania.
 
The Company follows principle of socially responsible business and pays much attention to social activities.
 
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.
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