Who owns LMT (Latvia)?
LMT (Latvia) is owned by Telia (Sweden).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Telia Company Annual Report 2025, Telia Company AB. Last checked .
Key facts
- Current owner
- Telia Company AB reported
- Owner HQ
- 🇸🇪 Sweden
- Origin
- 🇱🇻 Latvia
- Category
- Telecom › Mobile › Mobile carriers
- Last verified
- · 1 sources
About LMT (Latvia)
The annual report records that on 17 July 2025 Telia signed a memorandum of understanding with the Republic of Latvia, Latvenergo and LVRTC to sell all its shares in fixed network operator Tet and mobile operator LMT; the transaction is expected to close in 2026 and is pending.
Ownership timeline of LMT (Latvia)
Where LMT (Latvia) sits in Telia
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Telia ownership tree →
See the full Telia brand portfolio (3) →
Other brands owned by Telia
Telia controls 3 brands on Brandtree, 3 of them in telecom.
Also in telecom
Other brands in mobile carriers, and who owns them
The 15 brands in mobile carriers on Brandtree belong to 12 owners. The largest is Liberty Latin America, with 2.
| Brand | Owner | Owner based in |
|---|---|---|
| C&W | Liberty Latin America | 🇧🇲 Bermuda |
| Tigo | Millicom | 🇱🇺 Luxembourg |
| by.U | Telkom Indonesia | 🇮🇩 Indonesia |
| One NZ | Infratil | 🇳🇿 New Zealand |
| NTT DOCOMO | NTT | 🇯🇵 Japan |
| Smart | PLDT | 🇵🇭 Philippines |
| Rakuten Mobile | Rakuten | 🇯🇵 Japan |
| SK Telecom | SK Telecom | 🇰🇷 South Korea |
About the owner: Telia
Telia is a publicly listed company headquartered in Sweden. Brandtree records 3 brands under its control.
Telia Company AB is listed on Nasdaq Stockholm. Its 2025 annual report says the Swedish state is the largest shareholder, with 1,614,513,748 shares or 41.1%. It operates in Sweden, Finland, Norway, Lithuania, Estonia and, through LMT, Latvia.
🇱🇻 LMT (Latvia) and other Latvian brands
Brandtree records a controlling owner for 18 brands that began in Latvia. 9 of them (50%) are now controlled by a company headquartered in another country, LMT (Latvia) among them.
- Cido — Royal Unibrew 🇩🇰
- Cosmopolitan Diva — Amber Beverage Group 🇱🇺
- Cēsu Alus — Olvi 🇫🇮
- Dzintars — Rīgas Piena Kombināts 🇱🇻
- Jelgavas Cukurs — Nordzucker 🇩🇪
- Rimi — Salling Group 🇩🇰
Frequently asked questions
Who is the parent company of LMT (Latvia)?
The parent company of LMT (Latvia) is Telia, a publicly listed company headquartered in Sweden.
Is LMT (Latvia) Latvian or Swedish?
LMT (Latvia) originated in Latvia, but it is owned today by Telia, which is headquartered in Sweden. So LMT (Latvia) is a Latvian-origin brand under Swedish ownership.
Is LMT (Latvia) still owned by Telia?
Yes. As of 18 October 2026, LMT (Latvia) is still owned by Telia. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Telia Company Annual Report 2025 — Telia Company AB, Annual report; retrieved 18 October 2026.
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