Latvia

LMT IoT and Infineon announce partnership to accelerate connected edge AI product development

May 22, 2026

Vienna/Riga, May 21, 2026 – LMT IoT and Infineon Technologies AG announced a new cooperation aimed at helping startups and product companies develop, deploy, and scale connected edge AI products [..]

Latvia

LMT Group demonstrates a new tool for monitoring greenhouse gas emissions at Hamburg port

April 17, 2026

On April 15, 2026, at the Germany–Latvia Ports Days in Hamburg, LMT Group demonstrated a new solution for monitoring port equipment activity and estimating greenhouse gas (GHG) emissions using video [..]

Latvia

US-based J.P. Morgan chosen as legal adviser for buyout of LMT and Tet

February 2, 2026

A team of advisers led by US-based J.P. Morgan has been chosen to provide legal advice for the transaction in which Latvia will buy out shares in Latvijas Mobilais Telefons [..]

Latvia

Nokia and LMT sign strategic deal to develop tactical defense solution for Baltics

November 7, 2025

Latvia’s mobile operator Latvijas Mobilais Telefons (LMT) and Finnish telecommunications company Nokia have signed a strategic agreement to integrate Nokia’s cutting-edge 5G radio technology with LMT’s proven defense solutions, LETA [..]

Latvia

LMT clients rank 5th globally in mobile data consumption

September 23, 2025

Clients of the mobile operator and technology company Latvijas Mobilais Telefons (LMT) ranked fifth worldwide in mobile data consumption per SIM card in 2024, according to a study by the [..]

Latvia

LMT to distribute Samsung smartphone in Baltics

May 13, 2025

Latvia’s mobile phone operator Latvijas Mobilais Telefons (LMT) has become the Baltic distributor of a military smartphone that was developed by the South Korean technology company Samsung, LMT told LETA. [..]

Latvia

Buyout price for LMT, Tet, estimated at EUR 550-600 million

March 25, 2025

The cost of shares which the Swedish Telia company owns in the Latvian telecoms companies Tet and Latvijas Mobilais Telefons (LMT) might be around EUR 550-600 million, LETA has learned [..]

Latvia

MikroTik might invest in Tet, LMT

December 4, 2024

There are signals to suggest that John Tully, a co-owner and board chairman of the MikroTik computer network equipment manufacturer, might be interested in investing in the Latvian telecommunications companies [..]

Latvia

TET discusses purchase of shares in LMT

November 1, 2024

The telecommunications company TET has said that it is prepared to acquire all shares in Latvijas Mobilais Telefons (LMT) so as to take over full ownership of the company. TET [..]

Latvia

In next six months, clearer vision on future of Tet and LMT is necessary – Valainis

January 5, 2024

A clearer vision on the future of the companies Tet and Latvijas Mobilais Telefons (LMT) should be obtained in the next six months, Economic Minister Viktors Valainis (Greens/Farmers) said in [..]