LMT plans to in­vest mil­lions in net­work, ser­vice and re­search de­vel­op­ment

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In 2019, mo­bile net­work op­er­a­tor Latvi­jas mo­bi­lais tele­fons plans to in­vest a dozen mil­lion eu­ros into net­work, ser­vice and re­search work de­vel­op­ment, as con­firmed by LMT pres­i­dent Juris Binde.

He says big money should be in­vested ap­pro­pri­ately. ‘Even if we take a very large amount of money, would not be able to build our net­work faster than phys­i­cally pos­si­ble,’ says Binde.

LMT con­cluded 2017 with turnover of EUR 163.664 mil­lion and prof­its of EUR 30.674 mil­lion. Binde notes that he ex­pects rea­son­able growth this year. «Turnover mainly in­creases thanks to us­abil­ity of our ser­vices and data. We have more clients and more con­nected de­vices,» says Binde.

He adds that among our clients are pri­vate per­sons and tech­no­log­i­cal in­sti­tu­tions. ‘Our SIM cards are used in nearly 300,000 types of equip­ment. They are clients for us even though they may be a bit odd. This is a de­vel­op­ment di­rec­tion for us,’ stresses Binde. He adds that as smart tech­nolo­gies, trans­port or­ga­niz­ing sys­tems and con­nected ve­hi­cles con­tinue de­vel­op­ing, the num­ber of clients will keep grow­ing.

As for smart city tech­nol­ogy, Binde men­tioned that LMT has sev­eral up­grades planned for Riga.

«Sev­eral in­ter­sec­tions are fit­ted with cam­eras and other el­e­ments to help or­ga­nize traf­fic. Talks have been com­menced with Liepaja re­gard­ing or­ga­ni­za­tion of traf­fic and use of smart tech­nolo­gies in tramway traf­fic. There are projects in con­sid­er­a­tion. It may re­quire us sev­eral years to reach re­al­iza­tion, but if we don’t do it new, some­one else will do it in­stead,» ad­mits Binde.

Zane Bitere/LETA

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