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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF LITHUANIA  >  Telia Lietuva    TEL1L   LT0000123911

TELIA LIETUVA

(TEL1L)
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Telia Lietuva : Lithuanian telecom giant's market value surges past €1bn after 5G launch

11/23/2020 | 02:57pm EST

Lithuania’s telecom giant Telia Lietuva saw its market value surge past the €1bn mark for the first time last week after announcing the launch of its next-generation 5G mobile network for testing in Lithuania in the first fortnight of November.

The price of the company's shares has leapt by 5.3% since the launch of the network on November 10.

Data from the Nasdaq Vilnius Stock Exchange show that Telia Lietuva surpassed the €1bn mark for the first time on November 16.  

Telia Lietuva's stock began to rise after the company announced on November 10 that it was the first in Lithuania to start testing 11 5G base stations in the city centres of Vilnius, Kaunas and Klaipeda.

Telia Lietuva CFO Arunas Linge says the new generation connectivity is expected to spur new business models and lead to a qualitative leap in education, medicine or transport.

The company's market capitalisation has increased by a third from €742.8mn in early 2020.

Telia Lietuva is the Baltic countries' second-largest company by market capitalisation after Ignitis Grupe, Lithuania's state-controlled energy group that debuted on the stock market last month. The energy company's market capitalisation currently stands at just over €1.5bn.

Sweden'sTelia Company held 88.15% of shares in Telia Lietuva at the end of 3Q20.

©2020 bne IntelliNews , source Magazine

Stocks mentioned in the article
ChangeLast1st jan.
TELIA COMPANY AB 4.06% 36.63 Delayed Quote.3.65%
TELIA LIETUVA -0.50% 2.01 Delayed Quote.10.68%
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Financials
Sales 2019 388 M 470 M 470 M
Net income 2019 54,7 M 66,2 M 66,2 M
Net Debt 2019 147 M 178 M 178 M
P/E ratio 2019 13,6x
Yield 2019 7,06%
Capitalization 1 171 M 1 417 M 1 418 M
EV / Sales 2018 2,05x
EV / Sales 2019 2,29x
Nbr of Employees 2 014
Free-Float 11,9%
Chart TELIA LIETUVA
Duration : Period :
Telia Lietuva Technical Analysis Chart | TEL1L | LT0000123911 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Dan Olov Stromberg Chief Executive Officer
Arunas Linge Head-Finance
Andrius Šemeškevicius Head-Technology Infrastructure
Claes Nycander Independent Director
Tomas Balžekas Independent Non-Executive Director
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