TEL1L TEO

Telia Lietuva acquires the widest 700 MHz band for EUR 23 million

Telia Lietuva acquires the widest 700 MHz band for EUR 23 million

After an intensive battle, that took three months, for the fifth-generation mobile network (5G) band covering the largest territory of the country, the widest 700 MHz radio frequency block was acquired by Telia Lietuva. The operator is ready to provide 5G immediately after receiving the necessary permissions.

"We won twice wider frequency block for our clients and we are ready to launch 5G  throughout Lithuania. We expect it to be a matter of weeks, depending on how long the frequency transfer and network registration will take. We know that the responsible authorities are doing everything to ensure that all the procedures would be completed in the nearest future," says Dan Strömberg, CEO of Telia Lietuva.

The 2x10 MHz radio frequency block in the 700 MHz band will allow consumers to use a combined spectrum thus improving 4G speed and coverage, especially in low density areas. Telia Lietuva has already installed more than 1,000 5G-ready base stations in Lithuania.

In the 5G frequency auction that ended at the beginning of August 2022, Telia Lietuva won the cleanest 3.5 GHz radio frequency band by bidding EUR 7 million. In total, the company will pay EUR 30 million to the Lithuanian budget for both 5G frequency bands.

“We have been preparing for 5G launch for years, making record-high investments in our related infrastructure every year. Even though Lithuania is among the last in Europe to deploy commercial 5G, we will prove that it can become one of the leaders in 5G development. We are committed to invest in the mobile and fiber-optic networks in Lithuania, so that it ensures all its future needs", states CEO of Telia Lietuva.

In Lithuania, 5G networks will operate at 3.5 GHz and 700 MHz frequencies. Devices in the 3.5 GHz frequency coverage area will be able to reach a speed of up to 2 Gbps. Where 3.5 GHz will not be able to perform, devices will automatically use the wide-coverage 5G in the 700 MHz frequency band. Its speed will be similar to a fast 4G, but it will have much more capacity and significantly lower latency.

Telia Lietuva is the first company in Lithuania to test 5G technology and has been doing it since 2018 by offering 5G services in its existing 2,100 MHz frequency band. The service has started in January, 2022. There have already been 20 base stations operating on commercial frequencies in Vilnius.

The success of auctions that ended, obligates mobile operators to take active steps in ensuring the 5G connection’s development and availability. These steps include the provision of electronic communication services covering at least 98 per cent of Lithuania’s territory and the launch of commercial 5G services in at least one of the country’s major cities within six months from the date of the issued permit as well as launching 5G services in all of the country’s biggest cities starting from 31 December 2023.



Darius Džiaugys,

Head of Investor Relations,

tel. ,

e-mail:



EN
29/08/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TEO

 PRESS RELEASE

Telia Lietuva results for 6 months of 2025

Telia Lietuva results for 6 months of 2025 The Board of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) approved unaudited Telia Lietuva, AB Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for 6 months’ period ended 30 June 2025. Second quarter of 2025 (compared with the same period a year ago): Revenue grew by 2% and amounted to EUR 121.9 million (2024: EUR 119.5 million)Adjusted EBITDA up by 8.9% to EUR 48.7 million (2024: EUR 44.7 million)EBITDA increased by 10.3% and amounted to EUR 48.5...

 PRESS RELEASE

„Telia Lietuva“ 2025 m. 6 mėnesių veiklos rezultatai

„Telia Lietuva“ 2025 m. 6 mėnesių veiklos rezultatai Telia Lietuva, AB (toliau – „Telia Lietuva“ arba Bendrovė) valdyba patvirtino auditorių netikrintas Telia Lietuva, AB tarpines finansines ataskaitas, parengtas pagal ES priimtus Tarptautinius finansinės atskaitomybės standartus, už 6 mėnesių laikotarpį, pasibaigusį 2025 m. birželio 30 dieną. 2025 m. antrasis ketvirtis (palyginti su tuo pačiu laikotarpiu prieš metus): Pajamos padidėjo 2 proc. – iki 121,9 mln. eurų (2024 m. – 119,5 mln. eurų)EBITDA, neįskaičiavus vienkartinių sąnaudų ir pelno, padidėjo 8,9 proc. – iki 48,7 mln. eurų (2024...

 PRESS RELEASE

The Board has re-elected Stefan Backman as Chair of the Board of Telia...

The Board has re-elected Stefan Backman as Chair of the Board of Telia Lietuva and appointed members of the committees On 28 April 2025, the Annual General Meeting of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) shareholders for a new 2-years’ term re-elected five member of the previous Board – Stefan Backman, Claes Nycander, Hannu-Matti Mäkinen, Leda Iržikevičienė and Mindaugas Glodas, and newly elected Annelie Lakner. At the first meeting of the commenced term the Board re-elected Stefan Backman as Chair of the Board and appointed members of the Audit and Remuneration ...

 PRESS RELEASE

Valdyba perrinko Stefan Backman „Telia Lietuva“ valdybos pirmininku ir...

Valdyba perrinko Stefan Backman „Telia Lietuva“ valdybos pirmininku ir paskyrė komitetų narius 2025 m. balandžio 28 d. eiliniame visuotiniame akcininkų susirinkime naujai dvejų metų kadencijai perrinkti penki praeitos Telia Lietuva, AB (toliau – „Telia Lietuva“ arba Bendrovė) valdybos nariai – Stefan Backman, Claes Nycander, Hannu-Matti Mäkinen, Leda Iržikevičienė ir Mindaugas Glodas, bei išrinkta nauja valdybos narė Annelie Lakner. Pirmajame naujos kadencijos posėdyje valdyba Bendrovės valdybos pirmininku perrinko Stefan Backman ir paskyrė Audito bei Atlygio komitetų narius. Nuo 2024 m. b...

 PRESS RELEASE

Telia Lietuva, AB presentation to investors at event 'CEO Meets Invest...

Telia Lietuva, AB presentation to investors at event 'CEO Meets Investors' On 2 June 2025, Giedrė Kaminskaitė-Salters, CEO of Telia Lietuva, made a presentation to investors at Nasdaq Baltic organized event CEO Meets Investors. ENCL. Telia Lietuva presentation to investors Darius Džiaugys,Head of Investor Relations,tel. ,e-mail: Attachment

ResearchPool Subscriptions

Get the most out of your insights

Get in touch