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2021-07-21 07:00:00 CEST 2021-07-21 07:00:11 CEST REGLERAD INFORMATION Telia Lietuva, AB - Half-Yearly informationTelia Lietuva results for the six 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, and Consolidated Interim Report for the six months’ period ended 30 June 2021. Second quarter of 2021: First half of 2021: Management comment: In order to enhance focus as well as achieve increased clarity on goals and expectations the customer channels organization was restructured into the Dare – Care model. Implying a Dare organization with focus on driving sales results and a Care organization focused on improving efficiency and providing superior customer care. We have launched, for the first time a TV campaign dedicated to new and tailored offerings for SOHO and SME customers. This in combination with an increased sales focus targeting newly established businesses resulted in new customers intake in the SOHO/SME segment. During the pandemic demand for Cloud solutions surged by 40 per cent and more business customers choose equipment rent and work place management services. Our converged offer, Telia1, is enjoyed in 82 thousand of households. Over the last twelve months: Increased customer base, demand for IT solutions and higher usage of mobile data were pushing revenue up. Over the year, comparing the six months’ period of 2021 with the same period in 2020: To ensure network leadership in terms of speed and quality, we persistently invest into upgrade of mobile network. Total capital investments during the first half of 2021 were by almost one third higher than a year ago and exceeded EUR 31 million. As a result, Telia Lietuva leads mobile Internet speed race in Lithuania with average speed of 93.6 Mbps and already has 32 base stations providing non-commercial 5G connectivity of up to 1.8 Gbps speed. In May, the Company paid-out a record high EUR 58.3 million (0.10 euro per share) dividends following the decision of the Annual General Meeting of shareholders. Shareholders for a new two-years term elected the Board of the Company: five members of the previous Board were re-elected (including one independent) and another independent new member of the Board, Dovilė Grigienė, was elected. Douglas Lubbe was re-elected as the Chair of the Board.
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