TEO LT AB is a Lithuania-based telecommunication company. The Company is involved in the provision of fixed voice, Internet access, data communication, digital television and IT services for business and residential customers in the Republic of Lithuania. It also provides data communication services, digital television and leased line services, packet data transmission and e-fax services. The Company operates through its nine wholly owned subsidiaries, including Lintel UAB, Baltic Data Center UAB, Kompetencijos Ugdymo Centras UAB, Baltic Data Center SIA, Verslo Investicijos UAB, Interdata UAB, Hostex UAB, Vsl Rysiu Istorijos Muziejus and Hosting UAB. As of December 31, 2012, the Company’s major shareholder was TeliaSonera AB with a stake of 88.15%. In March 2012, the Company sold its news portal Zebra.lt.
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