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2022-01-28 07:00:00 CET 2022-01-28 07:00:06 CET SÄÄNNELTY TIETO Telia Lietuva, AB - Interim informationTelia Lietuva results for the twelve 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 twelve months’ period ended 31 December 2021. Fourth quarter of 2021: Twelve months of 2021: Management comment: Accelerating upgrade of mobile network will ensure smooth transition into 5G era. By the end of 2021, more than 450 base stations supporting 2G, 3G, 4G and 5G connection were upgraded with Ericsson equipment. During the last quarter of the year two important connectivity milestone were reached: from October every second call in the Company’s mobile network is made using Voice over LTE (VoLTE) technology while mobile data download speed in Telia Lietuva network exceeded 100 Mbps and at the end of December amounted to 104.5 Mbps. The Company’s leadership in quality of connectivity allowed to attract new customer. During the fourth quarter of 2021 net intake of mobile communication customers alone was 69 thousand. The growth was recorded in other segments, too, and over the last twelve months: Double digit growth in revenue from mobile communication, broadband Internet and IT services continued to push total revenue up. Over the year, comparing January-December of 2021 with the same period a year ago: At the end of 2021 more than 4 times rocketed tariffs for electricity and higher marketing spending had a negative impact on quarterly EBITDA. Nevertheless, EBITDA for the twelve months of 2021 was the highest in the Company’s history as well as the amount of capital investments. During 2021, in total EUR 93.9 million (or more than a fifth of revenue) was invested into upgrade and expansion of the Company’s fixed and mobile networks, IT infrastructure and business transformation program. Strong cash flows allowed the Company to reduce its banks’ loan by a half to EUR 30 million. The two-years project for renovation of 30 largest customer care shops was finished by the end of 2021. In total, EUR 2.5 million was invested into making retail shops more comfortable and cosy. In November, Telia Lietuva for the second year in a row was recognized for the best customer care quality provided by telecommunication company in Lithuania. The survey was conducted by mystery shoppers and Dive Lithuania. At the end of 2021, Telia Lietuva was among the enterprises that were recognised as the most transparent in Lithuania by Transparency International Lithuanian unit. ENCL.: Darius Džiaugys, Attachments |
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