© Bendrovės archyvas

Lithuanian telecommunication group, owned by Sweden's Telia Company, has reported growing revenue for the second consecutive quarter.

Teo LT, provider of landline and internet services and owner of the mobile operator Omnitel, says its made €11.6 million in profits between April and June this year.

The company's profit over the second quarter last year was €7.8 million.

The group's total revenue stood at €84.2 million in April-June this year, a 3.6% increase compared to the same period in 2015, when Teo LT and Omnitel reported €81.2 million in revenue.

Teo LT acquired Omnitel from TeliSonera last autumn.

Rozova: SSD report contains nothing to make me national security threat

Lithuanian MP Irina Rozova says an intelligence report based on which she was denied access to...

320 kg of drugs busted in Lithuania and Latvia during international operation

A shipment of 320 kilos of drugs has been seized during an international operation in Lithuania's...

Nauseda criticizes transport minister's 'chaotic' performance (1)

Lithuanian President Gitanas Nauseda has says he has a negative opinion about Jaroslav Narkevic 's...

President adviser: Nauseda won't cross red lines opening dialogue with Belarus (1)

Lithuanian President Gitanas Nauseda is open to a dialogue with Belarus but will not cross the red...

American author writing on Holocaust: past serves as a warning how things can go between nations (1)

From Facebook to Donald Trump's impeachment. American author Timothy David Snyder who specializes in...