Lattelecom
 |
|
| limited liability company | |
| Founded | 1992 |
| Headquarters | Rīga, Latvia |
|
Area served
|
Latvia |
|
Key people
|
Juris Gulbis (board president and CEO) |
| Services | Voice services, Internet, TV, Data services, IT products and services, Lattelecom store |
| Revenue | LVL 137.6 million (2011) |
| LVL 20.8 million (2011) | |
|
Number of employees
|
2174 (2011) |
| Website | http://www.lattelecom.lv |
Lattelecom (previously Lattelekom) is a Latvian internet service provider and telecommunications company.
The Lattelecom group provides IT, telecommunication and outsourced business process solutions that are provided by all of the companies of the group. Lattelecom Group is made up of five companies - SIA Lattelecom, Lattelecom BPO, Citrus Solutions and Lattelecom Technology with its subsidiary Baltic Computer Academy. The Lattelecom Group is the leading provider of electronic communications services in Latvia that offers electronic communication solutions for home, small and medium size businesses, state and municipal institutions, as well as for corporate clients.
51% of Lattelecom shares are owned by the Latvian government, but the remaining 49% - by the Scandinavian company TeliaSonera AB. Lattelecom in turn owns 23% of the Latvian mobile operator’s LMT shares.
A Latvian state-owned telecommunications company Lattelecom (formerly called Lattelekom) was registered with the Enterprise Register on January 9, 1992. Nearly two years later – on December 22, 1993 the Cabinet of Ministers of the Republic of Latvia approved the commissions decision to announce the British and Finnish consortium TILTS Communications the winner of the tender „On the modernisation of Latvia’s telecommunications network”, and the company became a strategic investor in Lattelekom. On January 14, 1994 the agreement with TILTS Communications was concluded and SIA Lattelekom established. As a result of privatisation 49% of the company’s shares were procured by two foreign investors - Cable and Wireless and Telecom Finland which later became a part of the Swedish telecommunications company TeliaSonera AB.
Cable and Wireless later sold its shares to TeliaSonera, as a result of which 51% of the company’s shares are presently owned by the Latvian government, but 49% - by TeliaSonera. Until January 1, 2003 the company held monopoly on fixed voice communication services thereby turning into the leading fixed telephony operator.
Lattelecom Group consists of five companies: SIA Lattelecom, SIA Lattelecom BPO, SIA Citrus Solutions, SIA Lattelecom Technology and the subsidiary owned by the latter - SIA Baltijas Datoru Akadēmija. Lattelecom is specialised in providing Internet, voice and TV services. Lattelecom BPO offers client service solutions, business process outsourcing (BPO), and 1188 directory inquiry services. Lattelecom Technology provides integrated IT solutions and services. Baltijas Datoru Akadēmija is a training and certification centre providing services to information and communication technology (ICT) professionals and users, whereas Citrus Solutions that is formed through separating the former Network Maintenance Division from the parent company Lattelecom offers integrated network infrastructure construction and security system solutions.
...
Wikipedia