Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Director Leda Irzikeviciene was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 19
Telia Lietuva, AB, Annual General Meeting, Apr 28, 2026 Telia Lietuva, AB, Annual General Meeting, Apr 28, 2026. Announcement • Oct 08
Telia Lietuva, AB Announces Executive Changes Telia Lietuva, AB announced that it continues to streamline its operations and changes its management structure. As of 1 November 2025, the Company’s Technology and Digital Transformation as well as Legal and Personnel units will be merged, and will be led by Vygintas Domarkas and Daiva Kasperaviciene. The current organizational structure of Telia Lietuva consisted of ten units with assigned managers. From 1 November 2025, the structure will become simpler – with eight units’ managers and closer cooperation between teams. Andrius Šemeškevicius, the current Head of Technology, will work at Telia Lietuva till the beginning of 2026 and will ensure business continuity. Later he will continue his career outside the Company. The current Head of People and Culture, Ramunas Bagdonas, from 1 November 2025 will become Head of People and Culture of Technology unit at Telia Company Group. He will also continue to lead the personnel team at Telia Global Services Lithuania, a subsidiary of Telia Company in Lithuania. The new Technology and Digital Transformation Unit will be temporarily led by the current Head of Digital Transformation, Vygintas Domarkas, until an internal leadership selection process is underway. The combined Legal and People and Culture teams will be led by Daiva Kasperaviciene, the current Head of Legal and Corporate Affairs. Announcement • Oct 04
Telia Lietuva, AB Announces Committee Changes On 4 October 2024, the Board of Telia Lietuva, AB elected Board member, Hannu-Matti Mäkinen, as a new member and Chair of the Audit Committee. Previous Chair of the Company’s Audit Committee, Agneta Wallmark, has resigned from the Board and the Audit Committee as of 20 September 2024. Agneta’s resignation is aligned with her forthcoming retirement and departure from Telia Company AB. As representative of Telia Company AB that owns 88.15% of Telia Lietuva’s shares and votes, Hannu-Matti Mäkinen is member of the Board of Telia Lietuva from April 2018. He is also a member of the Remuneration Committee. At Telia Company Hannu-Matti Mäkinen holds a position of Chief Legal Counsel for Telia Asset Management. Three members of the Board compose the Audit Committee of Telia Lietuva, whereof two – Leda Iržikeviciene and Mindaugas Glodas – are independent members of the Board. At present there 5 members of the Board: three representing Telia Company and two independent ones. According to the By-laws of the Company, the Board shall be comprised of 6 members. The current two-year term of the Company’s Board terminates on 27 April 2025, thus election of a new member of the Board is not planned at the moment. Announcement • Sep 09
Telia Lietuva, AB Announces Resignation of Agneta Wallmark from the Board and the Chair of Audit Committee, Effective 20 September 2024 Telia Lietuva, AB announced resignation of Agneta Wallmark from the Board and the chair of Audit Committee, effective as of 20 September 2024. Audit Committee, effective as of 20 September 2024. This resignation aligns with Agneta's upcoming retirement and departure from Telia Company AB, where she held the position of Head of Group Treasury. Agneta Wallmark was member of the Board and Chair the Audit Committee of Telia Lietuva from April 2018. Announcement • Sep 04
Telia Lietuva and Telia Global Services Lithuania, UAB Reduce Number of Personnel with the View to Increasing Profitability Telia Company, AB announced a change program that is set to simplify its operations in the Nordic and Baltic countries. The more decentralised and streamlined organisation will focus on local customers’ needs, while the Group intends to reduce its number of personnel by 3,000 during the full year of 2024. In Lithuania, Telia Company Group plans to reduce the total number of employees by about 400, whereof approximately 200 at Telia Lietuva, and remaining – at Telia Global Services Lithuania, UAB, a fully owned subsidiary of Telia Company in Lithuania. Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: €0.031 (vs €0.027 in 2Q 2023) Second quarter 2024 results: EPS: €0.031 (up from €0.027 in 2Q 2023). Revenue: €119.5m (up 5.7% from 2Q 2023). Net income: €18.3m (up 17% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 25
Telia Lietuva, AB Announces Executive Changes On 25 June 2024, the Board of Telia Lietuva, AB elected Stefan Backman as a Chair of the Board of Telia Lietuva. Stefan Backman for the current term of the Company’s Board (till 27 April 2025) was elected on 27 April 2024. He succeeded Dan Strömberg, who resigned from the Board and the Chair of the Board position as of 25 April 2024. Stefan Backman is Executive Vice President, Group General Counsel and Head of Corporate Affairs at Telia Company AB (Sweden). He has Master of Laws from the University of Uppsala, Sweden. Stefan Backman is member of the Supervisory Council at Telia Eesti AS (Estonia) and Latvijas Mobilais Telefons (LMT) SIA (Latvia). He has no direct interest in the share capital of Telia Lietuva. Announcement • May 30
Telia Lietuva Announces Executive Changes Telia Lietuva, AB from 1 July 2024 will be supplemented by two new managers - Aurimas Žlibinas will head Enterprise (B2B) unit, and Vygintas Domarkas will be appointed as the Head of the newly created Digital Transformation unit. Both members of Telia Lietuva's management team were selected from the Company's internal candidates. From 1 July 2024 a new Digital Transformation unit is being created within the organisational structure of Telia Lietuva, which will combine the current digitization, analytics and transformation teams. Vygintas Domarkas, who has been appointed to lead this unit, has been the Head of Strategic Commerce at Consumers (B2C) unit of Telia Finland for almost a year. Until then, he was the Head of Small Business Segment Management team at Telia Lietuva. Before working in Telia Company Group, V. Domarkas worked in different financial services and insurance companies. Another change of managers is in Telia Lietuva's B2B unit, which will be headed by Aurimas Žlibinas. He has already temporary replaced in this position Daniel Karpovic, who is leaving the Company from 1 July 2024. Aurimas Žlibinas started working for the Company back in 2004 and held various management positions for seventeen years. For the past seven years, he has worked with Telia Lietuva's key business clients - banks, retail, insurance, and logistics companies. Announcement • Apr 27
Telia Lietuva, AB Approves Payment of Dividends for the Year 2023, Payable on 23 May 2024 Telia Lietuva, AB at the AGM held on 26 April 2024, approved to allocate the Company’s profit for the year 2023: from the Company’s distributable profit of EUR 170,974,000 to allocate EUR 52,435,000 for the payment of dividends for the year 2023, i.e. EUR 0.09 dividend per share, and carry forward to the next financial year an amount of EUR 118,539,000 as retained earnings (undistributed profit). To allocate EUR 37,000 for tantiemes for the year 2023 to two independent members of the Board – Leda Iržikeviciene and Mindaugas Glodas – EUR 18,500 each. The Law on Companies of the Republic of Lithuania provides that dividends shall be paid to the shareholders who at the end of the 10th business day following the Annual General Meeting that adopts a decision on dividend payment (rights accounting day) will be on the Shareholders’ List of the Company, i.e., will be shareholders of Telia Lietuva, AB on 13 May 2024. Following the Law on Companies the Company should pay dividends within the one month following the day on which the decision on profit distribution was adopted. The Company plans to pay out dividends for the year 2023 on 23 May 2024. Announcement • Apr 26
Telia Lietuva, AB Announces Executive Changes, Effective July 1, 2024 Daniel Karpovic, Head of Enterprise (B2B) at Telia Lietuva, AB is leaving the Company as of 1 July 2024. Aurimas Žlibinas, Head of Key Accounts unit at Telia Lietuva, has been appointed interim Head of B2B. The selection of the new Head of B2B of the Company will be made primarily from internal candidates. Daniel Karpovic joined the Company in 2017 as Head of Commercial and Product Management for Business Customers. He has been the Head of B2B unit at Telia Lietuva since June 2019. Prior to that, he worked in various telecommunications businesses in Lithuania, Estonia and Kazakhstan. Reported Earnings • Apr 11
Full year 2023 earnings released: EPS: €0.11 (vs €0.097 in FY 2022) Full year 2023 results: EPS: €0.11 (up from €0.097 in FY 2022). Revenue: €476.6m (up 7.2% from FY 2022). Net income: €63.6m (up 13% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 02
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €1.66. The fair value is estimated to be €1.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 4.3%. Reported Earnings • Jan 31
Full year 2023 earnings released: EPS: €0.11 (vs €0.097 in FY 2022) Full year 2023 results: EPS: €0.11 (up from €0.097 in FY 2022). Revenue: €476.6m (up 7.2% from FY 2022). Net income: €63.6m (up 13% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: €0.032 (vs €0.026 in 3Q 2022) Third quarter 2023 results: EPS: €0.032 (up from €0.026 in 3Q 2022). Revenue: €122.8m (up 8.4% from 3Q 2022). Net income: €18.5m (up 20% from 3Q 2022). Profit margin: 15% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Announcement • Aug 26
Telia Lietuva Announces Executive Changes Telia Lietuva announced Birute Eimontaite, head of communication at the company will leave the company on 31 October 2023. She joined the company in June 2018 and was leading the company’s corporate communication team from January 2019. Vaida Jurkoniene, Head of Marketing, will oversee the company’s communication and sustainability activities as interim head of communication. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: €0.027 (vs €0.024 in 2Q 2022) Second quarter 2023 results: EPS: €0.027 (up from €0.024 in 2Q 2022). Revenue: €113.1m (up 2.2% from 2Q 2022). Net income: €15.6m (up 11% from 2Q 2022). Profit margin: 14% (up from 13% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • May 04
Upcoming dividend of €0.06 per share at 3.0% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.3%). Reported Earnings • Apr 08
Full year 2022 earnings released: EPS: €0.097 (vs €0.098 in FY 2021) Full year 2022 results: EPS: €0.097 (down from €0.098 in FY 2021). Revenue: €444.6m (up 5.7% from FY 2021). Net income: €56.4m (flat on FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: €0.097 (vs €0.098 in FY 2021) Full year 2022 results: EPS: €0.097 (down from €0.098 in FY 2021). Revenue: €444.6m (up 5.7% from FY 2021). Net income: €56.4m (flat on FY 2021). Profit margin: 13% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Mindaugas Glodas was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 16
Telia Lietuva, AB Announces Resignation of Dovile Grigiene as Independent Member Telia Lietuva, AB received a resignation letter from an independent member of the Company’s Board Dovile Grigiene. On 27 April 2021, Dovile Grigiene was elected to the Board of Telia Lietuva for the two-years’ term. As independent member of the Board she was nominated by the largest shareholder of the Company, Telia Company AB, holding 88.15% of the Company’s shares and votes. Dovile Grigiene was also an independent member of the Company’s Audit Committee. Announcement • Oct 19
Claes Nycander Elects as New Chair of the Board of Telia Lietuva AB Telia Lietuva, AB to substitute Douglas Lubbe, who resigned from position of the Chair of the Board and member of the Remuneration Committee as of 14 October 2022, has elected member of the Board, Claes Nycander, as new Chair of the Board of Telia Lietuva. Claes Nycander is Vice President and Head of Chief Operating Officer Office & LED (Lithuania, Estonia, Denmark) Management at Common Products and Services (CPS) at Telia Company AB (Sweden). He is also member or Chair of number of the Boards and the Supervisory Councils of Telia Company Group related entities. Being elected to the position of the Chair of the Board, Claes Nycander has resigned from the position of the Chair of the Remuneration Committee of Telia Lietuva but will remain member of this committee. Hannu-Matti Mäkinen, a member of the Board, was elected as new member and the Chair of the Remuneration Committee. Hannu-Matti Mäkinen, as representative of Telia Company AB, to the Board of Telia Lietuva for the first time was elected on 28 April 2018 and then two times re-elected for new terms of the Board. He is the Chief Legal Counsel of Telia Asset Management unit at Telia Company AB., and member or the Chair of a few Boards of Telia Company Group related entities. The election of new member of the Board in substitution of the resigned member of the Board, Douglas Lubbe, will not be organized till the end of the current term of this Board. The current term of the Company’s Board terminates on 27 April 2023 and currently it consists of 5 members of the Board. Announcement • Oct 01
Telia Lietuva Receives Resignation Letter from Douglas Lubbe, the Chair of the Board and Member of the Remuneration Committee Telia Lietuva, AB received a resignation letter from Douglas Lubbe, the Chair of the Board and member of the Remuneration Committee of Telia Lietuva. He resigns from the Board of Telia Lietuva as of 14 October 2022. Douglas Lubbe, as representative of the largest shareholder of Telia Lietuva, Telia Company AB, a telecommunications operator present in Nordic and Baltic countries and holding 88.15 per cent of the Company’s shares and votes, was elected to the Board of Telia Lietuva on 23 November 2020 and re-elected for the two-years’ term on 27 April 2021. Till 14 October 2022, Douglas Lubbe will hold the CFO position at Telia Sverige AB (Sweden), and will leave Telia Company Group on that day to pursue his career in the United Kingdom. The current term of the Company’s Board terminates on 27 April 2023, therefore it is not planned to elect a new member of the Board to substitute the resigned one, and during the forthcoming meeting of the Board a new Chair will be elected from the current members of the Board and a new member of the Remuneration Committee will be appointed. The Board of Telia Lietuva consist of 6 members elected for two-years’ term. Announcement • Aug 06
Telia Lietuva, AB (NSEL:TEL1L) acquired 5G spectrum for EUR 7 million. Telia Lietuva, AB (NSEL:TEL1L) acquired 5G spectrum for EUR 7 million on August 5, 2022.
Telia Lietuva, AB (NSEL:TEL1L) completed the acquisition of 5G spectrum on August 5, 2022. Announcement • Jun 24
Telia Lietuva, AB Announces Executive Changes Telia Lietuva, AB announced changes in the Company's management are related to Nortautas Luopas, the current Head of Consumer and Digital & Analytics, leaving the Company as of 30 June 2022 to continue his career overseas. From 1 July 2022, Elina Dapkeviciene will head Telia Lietuva's Consumer unit. Until now, she was the Head of the Home Services Segment team, responsible for commerce, pricing and offers of Internet, TV and mobile services. Elina Dapkeviciene has been with the Telia Group since 2014, prior to which she worked for two of the largest global food and consumer goods companies. From 1 July 2022, the Marketing will be moved from Consumer unit into separate team and will be headed by Vaida Jurkoniene, the current lead of Marketing team. She has been in Telia Group since 2014 and was responsible for the Company's marketing and image campaigns. Vaida Jurkoniene has previously in charge of the common Marketing and Communications unit, was responsible for the strategy of Teo and Omnitel’s merger and the introduction of the new Telia brand into the Lithuanian market. Diana Gold will head the Digitisation & Analytics unit from 1 September 2022, having previously been Head of IT at Common Products and Services. She has been with Telia Group since 2015 and was responsible for the development, quality and smooth operation of IT services across the Group's companies in accordance with SAFe and ITIL frameworks. Diana Gold has worked in various international technology and IT business development companies. As it was announced in April, Daina Veckyte has been appointed as the Company's new Head of Finance as of 4 July 2022. She succeeds Arunas Linge, who left the Company on 29 April 2022. Buying Opportunity • Jun 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.8%. The fair value is estimated to be €2.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 2.7%. Announcement • Apr 13
Telia Lietuva Completes Upgrading Copper Network Telia Lietuva has completed the upgrade of its copper network used for the provision of DSL Internet. The project took four years to complete. From now on, individual and business customers who have copper access line will be offered Internet connection with up to 250 Mbps. The total investment into this project amounted to EUR 10.5 million. The network was upgraded by replacing the network equipment at the nodes and the back-end equipment at the customers, while the copper lines have remained underground like before. Following the upgrade of the copper access network, the Internet speed has significantly increased for 125 thousand of customers. Customers of Telia Lietuva fibre-optic Internet currently enjoy Internet speeds of up to 1 Gbps. The Company also plans to upgrade its fibre-optic network in the near future. Announcement • Apr 03
Telia Lietuva Announces Executive Changes Telia Lietuva announced that the Board of Telia Lietuva has appointed Daina Veckyte as Head of Finance of the Company from 4 July 2022. The current Head of Finance, Arunas Linge, after three years in the office, decided to leave to Company as of 29 April 2022. Daina Veckyte currently is Head of Strat Plan Financials & Capital Investments at Sandoz International GmbH in Germany. Announcement • Apr 01
Telia Lietuva, AB Proposes Dividend for the Year 2021 Telia Lietuva, AB approved the draft of the Company’s profit allocation for the year 2021 and to propose for the Annual General Meeting of Shareholders to allocate the profit according to the draft of profit allocation: from the Company’s distributable profit of EUR 144,200,000 to allocate EUR 58,261,000 for the payment of dividends for the year 2021, i.e. EUR 0.10 dividend per share, and carry forward to the next financial year an amount of EUR 85,938,000 as retained earnings (undistributed profit). Reported Earnings • Jul 22
Second quarter 2021 earnings released: EPS €0.021 (vs €0.02 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: €101.6m (up 4.6% from 2Q 2020). Net income: €12.3m (up 8.2% from 2Q 2020). Profit margin: 12% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 03
Upcoming dividend of €0.10 per share Eligible shareholders must have bought the stock before 10 May 2021. Payment date: 25 May 2021. Trailing yield: 4.8%. Within top quartile of German dividend payers (3.1%). In line with average of industry peers (4.6%). Executive Departure • Apr 30
Independent Director has left the company On the 27th of April, Tomas Balzekas' tenure as Independent Director ended after 3.0 years in the role. We don't have any record of a personal shareholding under Tomas' name. A total of 2 executives have left over the last 12 months. Announcement • Apr 28
Telia Lietuva, Approves Dividend for the Year 2020, Payable on 25 May 2021 Telia Lietuva, AB approved dividend of EUR 0.10 dividend per share for the year 2020. Following the Law on Companies the Company should pay dividends within the one month following the day on which the decision on profit distribution was adopted. The Company plans to pay out dividends for the year 2020 on 25 May 2021. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS €0.022 (vs €0.021 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: €99.7m (up 8.2% from 1Q 2020). Net income: €13.1m (up 4.4% from 1Q 2020). Profit margin: 13% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS €0.096 (vs €0.094 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €398.1m (up 2.5% from FY 2019). Net income: €55.9m (up 2.1% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 16
New 90-day high: €2.10 The company is up 24% from its price of €1.70 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 1.0% over the same period. Reported Earnings • Feb 01
Full year 2020 earnings released: EPS €0.096 (vs €0.094 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €398.1m (up 2.5% from FY 2019). Net income: €55.9m (up 2.1% from FY 2019). Profit margin: 14% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 04
New 90-day high: €1.86 The company is up 22% from its price of €1.52 on 06 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 11
New 90-day high: €1.77 The company is up 13% from its price of €1.57 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 3.0% over the same period. Announcement • Nov 25
Telia Lietuva, AB Announces Election of Directors Telia Lietuva, AB elected Douglas Lubbe as the Chair of the Board and appointed him to the Remuneration Committee of Telia Lietuva. The Board also elected Claes Nycander, a member of the Board and member of the Remuneration Committee, as the Chair of the Remuneration Committee. Announcement • Nov 24
Telia Lietuva, AB Announces Board Changes On 23 November 2020, the Extraordinary General Meeting of Telia Lietuva, AB shareholders was held and taking into consideration that Emil Per Nilsson, a member and the Chair of the Board, has resigned from the Board of the Company as of 21 October 2020, to elect to the Board of the Company for the current term of the Board Douglas Gordon Lubbe, proposed by Telia Company AB. The CEO of the Company shall be entitled to authorise any other person to perform the aforementioned actions and to sign the aforementioned. Douglas Gordon Lubbe is Chief Financial Officer of Telia Sverige AB. For one year from September 2019 till September 2020 he was Interim CFO of Telia Company Group. Is New 90 Day High Low • Nov 14
New 90-day high: €1.73 The company is up 15% from its price of €1.51 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is down 4.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of €56.0m, up 9.1% from the prior year. Total revenue was €396.5m over the last 12 months, up 4.8% from the prior year. Announcement • Oct 08
Telia Lietuva, AB Announces Resignation of Emil Nilsson as Member of the Board, Chair of the Board and Chair of the Remuneration Committee Telia Lietuva, AB has received a letter from Emil Nilsson, a Chair of the Board of the Company, that as of 21 October 2020 he will resign from the position of the Company’s member of the Board, Chair of the Board and Chair of the Remuneration Committee. Announcement • Jul 30
SEPAxpress FS acquired 33.3% stake in UAB Mobilieji Mokejimai from Telia Lietuva, AB (NSEL:TEL1L) SEPAxpress FS acquired 33.3% stake in UAB Mobilieji Mokejimai from Telia Lietuva, AB (NSEL:TEL1L) on June 19, 2020.
SEPAxpress FS completed the acquisition of 33.3% stake in UAB Mobilieji Mokejimai from Telia Lietuva, AB (NSEL:TEL1L) on June 19, 2020. 
