TEO LT, Lithuania’s incumbent fixed line operator, said its revenue for the first three months of 2012 increased 2.5% year-on-year to LTL190.49 million (USD72.3 million). The company said that the growth was mainly driven by a rise in turnover from internet and television services, which grew 4.5% and 23.8% year-on-year respectively, thanks to an increase in customers taking up the firm’s next generation fibre-optic network and IPTV services
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OVETEL TEO posts 2.5% rise in Q1 revenue
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