Private company

Tet

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

Telecommunications company

Tet (formerly Lattelekom and Lattelecom) is a Latvian internet service provider, telecommunications, technology and entertainment company. It has also been an electricity service provider since 2017. The Tet Group includes SIA Tet, Lattelecom BPO, Citrus Solutions, Lattelecom Technology and Baltic Computer Academy (Latvian: Baltijas Datoru akadēmija, BDA).2 It employed 1,187 people in 2023.1 Its revenue was €187 million in 2023.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

Jan 9, 1992Founded1
  • IndustryWired telecommunications activities1
  • HeadquartersRiga1
  • Websitewww.tet.lv
  • Legal formlimited liability company1
  • LEI213800HNB8DBFIACDP233
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressDZIRNAVU IELA 105, LV-1011 Riga, Latvia3
  • Registered withRegister of Enterprises of the Republic of Latvia, 400030527863

Tet (formerly Lattelekom and Lattelecom) is a Latvian internet service provider, telecommunications, technology and entertainment company. It has also been an electricity service provider since 2017.2

Corporate structure

Tet sits at the top of its group. 6 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Tet Riga, Latvia
    • Latvian Mobile Telephone Stake · 23% · Riga
      • Santa Monica Networks Subsidiary · 100% · Rīga, Latvia
        • Santa Monica Networks, Limited Liability Company (Sabiedriba ar ierobezotu atbildibu "Santa Monica Networks") Subsidiary · Riga, Latvia
      • LMT Retail & Logistics Subsidiary · Latvia
    • SIA Citrus Solutions Subsidiary · Riga, Latvia

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

What it owns

What Tet reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Origin

The Latvian state-owned State Company Tet (Latvian: Valsts uzņēmums "Tet", meaning "Now") was registered with the Register of Enterprises of the Republic of Latvia on January 9, 1992. Its origins were based on local telecommunications infrastructure and services previously operated by the Soviet Ministry of Communications. On December 22, 1993, the Cabinet of Ministers approved the commission's decision to select the British and Finnish consortium TILTS Communications as the winner of the tender for modernizing Latvia's telecommunications network. On January 14, 1994, the agreement with TILTS Communications was concluded and SIA Lattelekom was established. As a result of the privatization, 49% of the company's shares were acquired by two foreign investors,– Cable and Wireless and Telecom Finland, which later became part of TeliaSonera AB.

Cable and Wireless later sold its shares to TeliaSonera. Until January 1, 2003, the company held a monopoly on fixed voice communication services.

Monopoly

A 2001 telecommunications law reduced Lattelekom's fixed-line monopoly term to January 1, 2003, as part of the liberalization of Latvia's telecommunications market. Tet is also one of the owners of Latvijas Mobilais Telefons.

First rebrand (2006)

On May 18, 2006, Lattelecom implemented a rebranding, replacing the existing corporate brand name with a new brand name. Before the 2006 name change, the company had undergone a reorganisation that included SIA Lattelecom Technology and group companies involved in customer services, business process outsourcing, IT&T and content services.

The official company name, SIA Lattelekom was changed to SIA Lattelecom. The IT service provider SIA Micro Link Latvia was renamed Lattelecom Technology, and SIA C1, which had been engaged in business process outsourcing, was renamed SIA Lattelecom BPO. The network construction and maintenance company SIA Citrus Solutions retained its name.

Second rebrand (2019)

In October 2018, Lattelecom announced that they will gradually change their name to Tet, their electricity service providers' name used since 2016, with the change officially starting from on April 1, 2019. Entertainment services continued to use the Helio and Shortcut brands.

From Wikipedia’s article on Tet (company), shared under CC BY-SA 4.0.5

Products and brands

Tet Internet

Tet offers several Internet access technologies, including broadband DSL (ADSL2+ and VDSL), fiber optic Internet using GPON, Wi-Fi and 4G internet.

Optical fiber Internet

In 2009 Lattelecom started offering residential fiber optic services with speeds of up to 100 megabits per second. In September 2009, Lattelecom announced that some fiber optic connections could reach 1 gigabit per second. Zolitūde was the first residential area in Riga where the Lattelecom fiber optic Internet service was made available (in January 2009), followed later by Kengarags, Purvciems, Plavnieki, Ziepniekkalns and other locations. Jelgava was the first city where fiber optic Internet was made available from areas other than Riga, but late in 2009 the Lattelecom fiber optic service was also made accessible in other cities, such as Daugavpils, Salaspils, etc. Initially, fiber optic network expansion work was carried out in the newly built dwelling areas in Riga and other largest cities of the country the rational being that return on the investment in the development of the network is possible to attain only if the newly connected building has at least 30 apartments.

The service used GPON technology. In the middle of 2012, Lattelecom fiber optic internet was available to 450,000 households throughout Latvia, about half of Latvian households. The network covered more than 45 towns and residential areas in Latvia.

Baltic Highway

A significant data transfer route, the Baltic Highway opened in 2012. The project connected the Baltic States, Poland and Germany, with an extension to the Russian Federation, and was implemented by Lattelecom in cooperation with Deutsche Telekom and MegaFon. Its initial capacity was 40 x 10 Gbit/s. The total infrastructure covered more than 45 towns and residential areas in Latvia.

Read the full text

Wi-Fi

Currently more than 4,500 Wi-Fi access points are available throughout Latvia.

Lattelecom TV

In 2011 Lattelecom became the largest TV service provider in the Baltic States, reaching a total of 230,000 charge TV customers subscribing to the company's three TV services – Terrestrial television, Interactive television and Internet television.

Since March 1, 2011, the company offered Internet TV on mobile devices such as smartphones and tablet computers. The service was also marketed for use on computers, tablet computers and mobile phones.

Interactive TV/Tet TV

Lattelecom Interactive TV, now known as Tet TV, is a television service transmitted over a broadband Internet connection. Its features included video rental, time-shift viewing and recording of programmes and films.

Digital Terrestrial TV/Virszemes Tet TV

After a tender organised by the Ministry of Transport, Lattelecom (now Tet) was selected to carry out Latvia's transition to digital terrestrial broadcasting; the Cabinet of Ministers approved its role on 27 January 2009.

Lattelecom Terrestrial TV provided digital over-the-air broadcasting that could be received using an indoor or external aerial. It carried national and other free-to-air channels in Latvia.

16 July 2026 Tet announce the end of DTT Pay-TV services from 1 January 2027

Tet TV+

Lattelecom began testing online television in Latvia in 2010.

Internet television on mobile devices has been available since March 2012. The service made television available on PCs, tablet computers and smartphones.

In 2016, Lattelecom launched an online streaming service and an entertainment platform Shortcut.

From Wikipedia’s article on Tet (company), shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Owners

Subsidiaries

From Wikidata.1

Employees over time

  • 20231,1871
  • 20221,2411

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

Tet revenue by year1187.2M EUR in 2023−19% since 2022
0100.0M EUR200.0M EUR300.0M EUR2022: 231.4M EUR231.4M EUR20222023: 187.2M EUR187.2M EUR2023−19%
  • 2023187.2M EUR1
  • 2022231.4M EUR1

Net income

Tet net income by year119.0M EUR in 2023−21% since 2022
010.0M EUR20.0M EUR30.0M EUR2022: 24.1M EUR24.1M EUR20222023: 19.0M EUR19.0M EUR2023−21%
  • 202319.0M EUR1
  • 202224.1M EUR1

Timeline

  1. Jan 9, 1992Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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