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2021-10-21 07:00:00 CEST 2021-10-21 07:00:07 CEST REGULATED INFORMATION Telia Lietuva, AB - Interim informationTelia Lietuva results for the nine months of 2021The Board of Telia Lietuva, AB (hereinafter “Telia Lietuva” or “the Company”) approved unaudited Telia Lietuva, AB Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for the nine months’ period ended 30 September 2021. Third quarter of 2021: Nine months of 2021: Management comment: During the quarter number of mobile communication users continued to grow – increased by 40 thousand, while broadband Internet and pay-TV markets are showing signs of saturation. Quarterly intake of new broadband Internet users was 2 thousand, and number of IPTV subscriber remained unchanged. Nevertheless, over the last twelve months: Revenue growth was ensured by increasing ARPU in our main activities – mobile communication, broadband Internet and TV services; implementation of number of IT projects for business customers as well as better sale of equipment and flagship smart devices. Over the year, comparing the nine months’ period of 2021 with the same period a year ago: During the third quarter of 2021, modernisation of the Company’s mobile network under strategic partnership with Ericsson has accelerated. More than 250 base stations that support 2G, 3G, 4G and 5G connection are already upgraded with Ericsson equipment and that lays a solid foundation for future 5G deployment. We will be ready to provide commercial 5G services to our customers once the auction of 5G frequencies will take place. Telia Lietuva has joined the memorandum signed by the main Lithuanian telecommunications operators and state institutions. All parties agreed to cooperate aiming to launch 5G network in Vilnius by 2022, in five largest cities of Lithuania – by 2023 and by 2025 in all towns, international transport routes as well as on the state importance roads, railways and ports. It also sets a goal to ensure Internet speed of 100 Mbps available to at least 95 per cent of Lithuanian households and along all major transport routes. The Company’s customers from the end of 2020 already had a possibility to test non-commercial 5G connection in three largest cities of Lithuania. Currently, the average Internet download speed in Telia Lietuva mobile network is 90.9 Mbps. The investments into modernisation of the Company’s mobile network during January-September of 2021 amounted to EUR 18.8 million which is 2.5 time more than a year ago. The total capital investments including business transformation program were 39.4 per cent higher and amounted to EUR 52 million (EUR 37.3 million for nine months of 2020). ENCL.:
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