Lithuania’s incumbent fixed line operator TEO LT has announced it generated revenue of LTL749.8 million (USD284.8 million) in the twelve months ended 31 December 2011, a decrease of 3.1% from LTL773.4 million in full year 2010, while earnings for the fourth quarter of 2011 rose 1.5% year-on-year to LTL195.5 million.
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OVETEL TEO LT net profit slips 5.2% in 2011
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