LMT Group raises turnover 11.9% in H1

• Published date: 20 July 2022
• Publication title: LETA

RIGA, July 20 (LETA) - The group of mobile operator Latvijas Mobilais Telefons Group (LMT) posted EUR 133.7 million in turnover for the first half of 2022, which is an increase of 11.9 percent against the respective period a year ago, LETA was told at the company.

The group's earnings before interest, taxes, depreciation and amortization (EBITDA) grew 8.4 percent year-on-year to EUR 41.9 million in January-June 2022.

The total number of connections in the LMT network exceeded 1.4 million.

The company informed that in the first half of 2022 LMT stepped up investing in its 5G network by investing EUR 14.7 million and continuing to develop test environments for the development of various future solutions.

"It is now more important than ever to strengthen and develop the whole national infrastructure. Investments in technology are especially important, as well as developing new innovative solutions. Mobile communications and technologies are the basis of successful...