News Column

"Tele2" invests EUR 9 million into its 4G network

September 4, 2014



RIGA, Sept 4 (NOZARE.LV) - Mobile network operator "Tele2" has significantly expanded its 4G network coverage in Riga and its vicinity, as well as in Jurmala, allowing its clients to use high-speed mobile Internet, "Tele2" informed LETA.

CEO of "Tele2" Valdis Vancovics says that EUR 9 million have been invested to establish a modern communications network.

"Tele2" systematically continues investing into the 4G network in order to provide 90 percent of coverage by the end of 2015, the company indicates.

The company has access to excellent radio frequencies, whereas the technological equipment has become more affordable and stable, which means that "Tele2" will be able to provide a high-quality service and excellent offers to its clients, Vancovics says.

He believes that fast-speed mobile Internet will allow the company to further increase the number of its clients, and turnover. The company's experience demonstrates that the number of clients, who use cell phones and tablets that support 4G, keeps growing. During the past 12 months, the bandwidth use has doubled.

"Tele2" is a subsidiary of Sweden-registered "Tele2 AB", which is one of the largest telecommunications companies in Europe, providing service to 37.6 million clients in 11 countries. In 2013, the company operated with a EUR 18,518,558 profit, which is 21 percent more than in 2012.


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Source: LETA Latvian News Agency


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