Tet

Name

Tet

Legal name

SIA Tet

Website

https://tet.lv

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Telecommunications Services: Core revenue from television, internet (fiber-optic), mobile, and fixed-line voice services for residential and business customers in Latvia.
2. Electricity Supply: Tet offers electricity supply plans to residential customers, bundling energy with telecom services for cross-sell opportunities.
3. E-commerce Retail Sales: Tet operates an e-commerce platform (tet.lv/veikals) selling consumer electronics, appliances, gaming gear, smart devices, and accessories, generating revenue from product sales with installment payment options.
4. Streaming and Content Services: Tet+ platform aggregating HBO Max, Netflix, and original Latvian content, with subscriptions bundled or sold separately to residential customers.
5. Data Center Services: Colocation and data center services through the DC7 facility in Salaspils, serving enterprise and government clients requiring high-availability infrastructure.
6. Cybersecurity Services: Security subscriptions including Tet Drošība (Bitdefender-powered antivirus), Tet Tīkla aizsardzība (Whalebone network protection), and cyber risk insurance (Kiberrisku apdrošināšana).
7. Professional and ICT Services: Enterprise ICT services including systems integration, managed services, and public sector IT projects (e.g., election systems, cybersecurity infrastructure).

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Tet is a Latvian integrated telecommunications and energy provider delivering fiber-optic internet, pay television (Tet+, Tet TV with HBO Max and Netflix), mobile and fixed telephony, and residential electricity supply to households and businesses across Latvia. The company bundles connectivity and energy into unified subscription packages, sells consumer electronics through its own e-commerce platform, and offers enterprise data center (DC7), ICT and cybersecurity services.

Product overview

Tet is a Latvian telecommunications and technology company offering a multi-service portfolio centered on connectivity and digital services. The core offering combines internet (Tet internets) and television services (Tet+, Tet TV), available as standalone products or bundled packages (Tet Komplekti). Additional services include electricity supply (Tet Elektrība) and home phone (Mājas tālrunis). Add-on services include cybersecurity protection (Tet Drošība powered by Bitdefender) and mobile internet. The company operates an e-commerce platform (Tet e-veikals) for consumer electronics and appliances, and provides customer self-service through the Mans Tet mobile application. Data center services are also offered, including the DC7 facility in Salaspils.

Differentiator

Problem solved

Functional benefit

Brands

• Tet+: Television service offering including TV channels, movies, series, sports, Netflix and HBO Max content
• Mans Tet
• Tet TV
• Tet Drošība

Products and services

• Tet internets (Internet) High-speed fiber-optic internet service with the widest optical coverage in Latvia, available on no-term contracts with Wi-Fi routers and free installation. Targets residential households across Latvia.
• Tet+ (Tet Plus) Over-the-top (OTT) television platform offering TV channels, movies, series, sports, and integrated Netflix and HBO Max content accessible on TV, computer and phone for Latvian residential customers.
• Tet TV Broadcast television service providing local and international channels, available standalone or combined with Tet internet in bundle packages for residential customers.
• Tet Elektrība (Electricity) Residential electricity supply with tariff plans tailored to customers' lifestyle rhythms, including consumption tracking via the Mans Tet app and a €5 discount for new customers in the first 3 months.
• Tet Drošība (Cybersecurity) Subscription cybersecurity service powered by Bitdefender that protects devices from cyberattacks, blocks malicious websites, provides antivirus, firewall, safe online shopping and parental controls. Priced at €4.90/month with 30 free days.
• Tet Komplekti (Bundles) Combined television and internet packages with a single monthly bill. Options include Tet+ with internet, Tet TV with internet, and mobile internet with television combinations, including 24-month contracts with unlimited and no-term variants.
• Mobilais internets (Mobile Internet) Mobile broadband internet service for on-the-go connectivity, offered standalone or bundled with Tet television services.
• Mājas tālrunis (Home Phone) Landline telephone service with free calls within Latvia (to Tet, mobile and other fixed-line users), with optional international call packages and call blocking features for residential customers.
• DC7 Data Center Services High-availability colocation and data center services delivered through the DC7 facility in Salaspils, serving enterprise and government clients requiring secure, scalable infrastructure in Latvia.
• Tet e-veikals (Electronics Retail) Tet-operated online store (tet.lv/veikals) selling consumer electronics, appliances, smart devices, gaming gear and accessories with installment payment options up to 36 months and delivery throughout Latvia.

Quantifiable outcome

• DC7 data center Phase 1: 840 sqm operational, planned 224 racks by 2028, €30 million total investment
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• Lat-LitQN (Latvia-Lithuania Quantum Communication Infrastructure)coreStrategic or Co-development Partner · 25 June 2026Tet continues developing the first cross-border quantum communication infrastructure in the Baltic region under the Lat-LitQN initiative, which connects Latvia and Lithuania through quantum-secure communication links. This project enhances national cybersecurity resilience and positions Tet as a leader in quantum-ready infrastructure in the Baltics.
• Brno University of TechnologycoreStrategic or Co-development Partner · 23 February 2026Tet participates as a technology partner in the QARC pan-European cybersecurity project led by Brno University of Technology. The project involves national cybersecurity centres from five countries and associated partners from Ukraine, working to implement post-quantum cryptography solutions across digital public administration, cloud services, and European open-source software. Tet receives €552,000 in EU funding for its participation.
• Latvian Defence MinistrycoreStrategic or Co-development Partner · 23 February 2026The Latvian Defence Ministry received €237,000 in EU funding under the QARC project to assess national infrastructure readiness for quantum-resistant encryption, identify necessary regulatory changes, and strengthen national cryptography expertise. The Ministry works alongside Tet and national cybersecurity centres from five countries to implement post-quantum cryptography solutions across Latvia's digital public administration.
• Competition Council of LatviacoreStrategic or Co-development Partner · 1 June 2022Tet received regulatory approval from the Latvian Competition Council to acquire SIA Telia Latvija, enabling Tet to become 100% shareholder of the entity. The merger aimed to enhance competitiveness, develop existing services, and introduce new solutions in Latvia.
• BitdefendercoreTechnology or IntegrationTet Drošība, Tet's cybersecurity service, is powered by Bitdefender technology, providing antivirus, firewall, safe online shopping, and parental control features to residential customers.
• Salaspils SiltumsminorStrategic or Co-development PartnerSalaspils Siltums, a local utility company, receives waste heat from Tet's liquid-cooled DC7 data center in Salaspils for use in district heating, creating a sustainable energy partnership.
• LMT (Latvijas Mobilais telefons)coreStrategic or Co-development PartnerLMT and Tet are jointly developing Latvia's Saeima parliamentary election IT systems for the October 1st elections, along with Latvijas Valsts meži (LVM). The three state-owned companies took over from the previous developer RI X Technologies after performance failures, operating from a unified operations center on election day.
• Latvijas Valsts meži (LVM)coreStrategic or Co-development PartnerLVM and Tet, alongside LMT, are developing Latvia's Saeima election IT systems. LVM is also one of three companies (with LMT and Tet) tasked with building the election system, with the election environment kept operationally separate from LVM's broader IT infrastructure.
• HBO MaxcoreChannel Partner/ Reseller/ DistributorTet distributes HBO Max subscriptions to Latvian consumers through the Tet+ platform, offering HBO Max from 5.99 €/mēn. as part of its streaming content portfolio alongside Netflix.
• NetflixcoreChannel Partner/ Reseller/ DistributorTet bundles Netflix with its Tet+ television platform, offering the combined package as a cost-effective option for existing and new Tet customers.

Scale indicators7 records

Recent moves4 records

Expansion highlights6 records

Direct peers

• Baltcom: Latvian cable TV, broadband, and telephony provider; competes with Tet in pay-TV and fixed broadband, particularly in Riga and other urban centers.
• DEAC: Latvian data center and cloud services operator; competes with Tet's DC7 colocation and managed services offering for enterprise and public-sector workloads in the Baltic region.
• Bite Latvia: Mobile and broadband operator competing with Tet in Latvia; offers bundled mobile-internet-TV services and represents the most aggressive price-led challenger to Tet's fixed-line and fiber base.
• Tele2 Latvia: Mobile and fixed broadband operator in Latvia under the Tele2 brand; competes directly with Tet for residential and SMB connectivity subscribers.
• LMT (Latvijas Mobilais telefons): Latvia's other major mobile and integrated telecom operator and direct domestic competitor to Tet across mobile, broadband, and government contracts; LMT also co-develops Saeima election IT systems alongside Tet.

Broad incumbents

• Telia Company: Nordic-Baltic telecom incumbent and Tet's former parent via its stake divested in the 2022 Telia Latvija sale; overlapping capabilities in mobile, broadband, TV, and enterprise ICT across the broader Baltic/Nordic region.

Regional players

• Elisa: Finnish and Estonian telecom operator with similar fixed-mobile bundles, pay-TV, and ICT offerings; serves as a regional comparable for Telia's former Baltic footprint now occupied by Tet.
• Latvenergo: State-owned Latvian vertically integrated electricity generator and retailer; competes with Tet Elektrība in residential electricity supply while sharing DC7's waste-heat district-heating value chain via Salaspils Siltums.

Others

• Citadele banka: Latvian financial services provider; relevant as a comparable state-influenced Latvian brand pursuing cross-sell between connectivity, payments, and lifestyle services, similar in bundling philosophy to Tet's multi-service approach.
• Tele2: Swedish-headquartered mobile and broadband operator active across the Baltics; comparable business model of bundled connectivity and TV across multiple markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mans_tet
• YouTubeyoutube.com/c/Tet_lv
• Facebookfacebook.com/tet.lv
• Instagraminstagram.com/tet.lv

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tet