TEO hits 40,000+ subs

Lithuanian telco TEO has revealed that the number of subscribers to its IPTV service ‘Interactive GALA’ more than doubled during 2008 to reach 40,400 by year-end.

Its DTT service, which launched in March, reached 26,300 customers by the end of 2008, and its broadband subscriber base saw an increase of 15.2 per cent during 2008 to reach 298,100 customers, giving the company a 48.2 per cent share of the Lithuanian broadband market, according to the Communications Regulatory Authority.

Total revenue for the year totalled E239 million, an increase of 4.1 per cent over the total revenue of 2007.

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