www.WirelessFederation.com/news: Bite Group, the Baltics telecoms group, has posted a drop of 11.8% in its Q1′09 revenues year-on-year. The Q1 revenues totalled to EUR 46 million. The group EBITDA has reached EUR 7.3 million, a dip of 3.1% as compared to Q1′08.
The Lithuanian operator fell by 16.9% to LVL 144.2 million (EUR 41.8 million). EBITDA for the quarter dipped 12.9% year-on-year, to LVL 36.5 million. The Latvian unit posted Q1 revenues, up 50.2% year-on-year to LVL 23.8 million.