www.WirelessFederation.com/news: TEO LT has reported its consolidated financial results for the six months ended 30 June 2009. As per the statistics, telco’s revenue dipped 0.8% to LTL409 million (USD168.7 million) year-on-year. The group’s earnings before interest, tax, depreciation and amortisation (EBITDA) mounted by 1.7% compared with the first six months of 2008 to LTL190 million, driven by retained revenue level and efficiency of operations. Profit in the first half of 2009 amounted to LTL92 million, up 2.9% year-on-year.
The firm reported a rise in its broadband subscriber base by 5,700 during the first six months of 2009 to reach 303,800, while the total number of fixed telephony lines in service reached 742,600 at 30 June 2009, down from 767,805 six months ago.
