The merger of “Tet” and LMT would not affect the prices of telecommunications services; it will grow in the same way

“We really don’t see such a risk,” referring to the concern, when Latvian state-owned telecommunications companies merge, “Tet“and”Latvian mobile phone“(LMT), the prices of telecommunication services could rise, in the program “Argue with Delphi” said the chairman of the board “Tet.” Uldis Tatarchuk. However, he admitted that several other factors put pressure on prices.

On the other hand, referring to the reasons for the recent price increase in the telecommunications services industry, he noted that costs are increasing in different situations. “We see that investments in new technologies require a lot of resources – both artificial intelligence and network construction, labor costs are increasing in Latvia. We think this is very good, because we have to reach the level of success in Europe. So we expect that costs will also increase for all service groups.”

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