Results for the first quarter of 2007 (in LTL)

TEO LT, AB Group announces its unaudited financial results for the first
quarter of 2007 prepared according to International Financial Reporting
Standards. 

The total consolidated TEO Group's revenue in the first quarter of 2007 was LTL
186 million, an increase by 3 per cent over the total revenue of LTL 180
million in the first quarter of 2006. 

EBITDA for the first quarter of 2007 went down by 8 per cent to LTL 86 million
over LTL 94 million in the first quarter of 2006. EBITDA margin also went down
to 46.4 per cent from 51.9 per cent in 2006. 

Profit before income tax in the first quarter of 2007 was up by 12.8 per cent
and amounted to LTL 46 million (LTL 41 million a year ago). 

Profit for the period (including minority interest and profit from discontinued
operations) amounted to LTL 38 million, an increase by 19.1 per cent over LTL
32 million a year ago. 

Press release and accompanying financial statements are available at the
Company's web page www.teo.lt. 


Jan-Erik Elsérius, 
Chief Financial Officer and Deputy General Manager, 
tel. +370 5 236 76 03.