What Lattelecom does

Lattelecom, legally SIA Tet and operating publicly under the Tet brand since rebranding from Lattelecom, is a Latvian private limited telecommunications company founded in 1992 and headquartered in Riga. The company provides integrated connectivity, content, energy, and retail services to Latvian residential and business customers, claiming the broadest fiber optic internet coverage in Latvia and operating high-availability data center facilities (DC7).

Tet's product portfolio spans Tet+ streaming television and Tet TV (offering local Latvian and international content including HBO Max and Netflix), Tet internets (high-speed fiber internet with optional no-contract plans), Mobilais internets (mobile data), and Elektrība (electricity supply with smart consumption monitoring via the Mans Tet mobile app). Bundled offerings (Tet Komplekti) combine television and internet into a single monthly bill. The Mans Tet iOS/Android app enables self-service subscription management, bill payment, and electricity consumption tracking. Tet Drošība provides cybersecurity protection embedded with internet service, blocking malicious websites. Underlying infrastructure includes the fiber network, DC7 data centers, and Tet's role in the Lat-LitQN cross-border quantum communication infrastructure initiative.

The company monetizes through recurring subscription revenue (internet, TV, mobile, electricity), bundled multi-service packages, hardware sales via the Tet E-veikals e-commerce storefront (Samsung, Apple, Ecovacs, Dyson, Karcher, Dreame, TunaBone products with installment financing), and content partnerships. Go-to-market is direct-to-consumer and direct-to-business across owned channels including the tet.lv website, Mans Tet mobile app, physical Tet retail stores, a callback lead-capture flow, and a dedicated enterprise sales team. Original content production (e.g., 'Četri brāļi. Superšovs') and CSR programs (cybersecurity masterclasses, educational board games) reinforce brand presence. Operating geographies are limited to Latvia, with the Baltic States referenced as regional context.

Name

Lattelecom

Legal name

SIA Tet

Website

https://lattelecom.lv

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Lattelecom (operating as Tet) is a Latvian private telecommunications company providing integrated internet, television, mobile, electricity, and consumer electronics retail services to residential and business customers across Latvia, supported by fiber infrastructure and data centers.

Ownership category

akta.pro rank

Product category

Integrated Telecommunications Services

NAICS

Electronics and Appliance Retailers (44921)

SIC

Telephone Communications (No Radiotelephone) (4813), Radiotelephone Communications (4812)

akta.pro primary industry

Device & App Lifecycle Management (Build, QA, Release, A/B Testing) (MPAHAJAE)

Keywords

• Telecommunications services
• Internet service provider
• Digital television
• Electricity supply
• Bundled communications

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

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: Recurring subscription revenue from internet, television, and mobile services
2. Electricity Services: Electricity supply with tariff plans tailored to customer lifestyle, with special promotions for families with children
3. Hardware/Product Sales: E-commerce sales of consumer electronics including TVs, smartphones, robot lawn mowers, fans, pressure washers, and grills with installment payment options
4. Bundled Packages: Combined television and internet packages with single monthly billing

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Lattelecom (Tet) is a Latvian integrated telecommunications provider that sells fiber optic broadband internet, digital and streaming television, mobile internet, and electricity supply to residential and business customers, primarily through bundled subscription packages billed on a single monthly invoice. The company also runs an e-commerce storefront for consumer electronics (TVs, smartphones, robot lawnmowers, fans, pressure washers, garden grills) and offers content partnerships with HBO Max and Netflix.

Product overview

Lattelecom (operating as Tet) is a Latvian telecommunications company offering a unified platform of services including high-speed internet with cybersecurity protection, television streaming (Tet+, Tet TV, Netflix, HBO Max), mobile data, and electricity supply. These services can be purchased individually or as bundled packages (Komplekti). The company provides a mobile application (Mans Tet) for service management and bill payments. The portfolio also includes an e-commerce store for consumer electronics and hardware add-ons such as Wi-Fi boosters.

Differentiator

Problem solved

Functional benefit

Products and services

• Tet+ (Tet televīzija)

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• HBO MaxcoreTechnology or IntegrationTet offers HBO Max subscription to customers starting from 5.99 €/month, providing access to legendary series and exclusive content on Tet platform.
• NetflixcoreTechnology or IntegrationTet provides Netflix access to customers as part of its television service offerings.
• Lat-LitQNflagshipStrategic or Co-development PartnerTet continues developing the first cross-border quantum communication infrastructure in the Baltics (Lat-LitQN project), advancing quantum-safe communications regionally.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bite Latvia: Mobile and fixed-line operator in Latvia with a focus on consumer and SME connectivity; competes directly with Tet on voice, data and bundled internet/TV offers.
• Tele2 Latvia: Latvian mobile and fixed broadband operator owned by Tele2 AB, offering consumer and business connectivity; directly competes with Tet on mobile, broadband and bundled propositions.
• Latvian Mobile Telephone (LMT): Latvia's other major integrated telecom operator, offering mobile, fixed internet and TV; competes head-to-head with Tet across consumer and enterprise segments in the same single-country market.

Broad incumbents

• Telenor: Large Nordic-headquartered telecoms group with mobile and fixed operations across Northern Europe; comparable as a wide-portfolio incumbent whose convergence strategy informs Tet's bundled-internet-plus-TV-plus-mobile roadmap.
• Telia Company: Nordic and Baltic incumbent telco whose Estonian arm competes with Tet on enterprise and consumer services; relevant as the broader converged-operator benchmark Tet is measured against for ARPU, bundling and B2B positioning.
• Vodafone: Global Tier-1 telco with fixed and mobile convergence offerings across Europe; relevant broad incumbent benchmark for Tet's bundled connectivity, TV and content strategy.
• Liberty Global: European cable and converged broadband operator owning Sunrise and Virgin Media O2; relevant as a wider incumbent that combines fiber/cable broadband with content and TV bundles much like Tet's internet + Tet TV + HBO/Netflix stack.

Regional players

• Elisa Eesti: Estonian subsidiary of Finnish Elisa, delivering mobile, fixed broadband and TV; runs a similar convergence and bundling playbook to Tet but in an adjacent Baltic market.
• Tele2 Eesti: Estonian mobile and broadband operator with overlapping connectivity products; relevant as a comparable pan-Baltic value-positioning operator in the same broader regional competitive set as Tet.
• Telia Eesti: Estonian incumbent arm of Telia Company, providing mobile, fixed broadband, IPTV and IT services; comparable to Tet as a converged Baltic telco with overlapping product mix but focused on Estonia rather than Latvia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/lattelecom
• Facebookfacebook.com/lattelecom
• LinkedInlinkedin.com/company/lattelecom

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Lattelecom