TEO LT, AB - Notification on material event

TEO ceased to be recognized as an undertaking having significant market power on National and International transit markets

Following the Order of Director of Communications Regulatory Authority of the
Republic of Lithuania, TEO LT, AB (hereinafter - “TEO” or “the Company”) ceased
to be recognized as undertaking having significant market power on the
following markets: 

- National transit services in fixed public telephone network;
- International transit services in fixed public telephone network.

According to the market analysis undertaken by the Communications Regulatory
Authority, there are no characteristics that would justify application of the
obligations (access, nondiscrimination, transparency, price control and
separation of accounting) provided by the Article No. 17 of the Law on
Electronic Communications of the Republic of Lithuania on the markets of
National and International transit. 




         Eglė Gudelytė-Harvey,
         Head of Legal Affairs Division,
         tel. +370 5 236 7292