Immigrate to Latvia focus on Latvian economy: Latvijas Mobilais Telefons (LMT) has invested 85 million euros to upgrade its data transmission network. On September 29, the company launched its 500th 4G base station in the southeastern Latvian city of Subate, and plans to build more than 100 additional 4G base stations within the year. In 2015, the company will continue to invest 43 million euros in network upgrades, and by the end of 2015, its 4G network will cover the entire territory of Latvia.
The company's head stated that the company built Latvia's first 4G base station in 2012 and has been advancing construction at an average rate of one new base station per day. With the development of internet infrastructure, Latvian citizens have begun to use more mobile phone functions beyond traditional calling. Currently, 140,000 households in Latvia use broadband internet, and 72% of Latvian residents have access to 4G services.
LMT was founded in 1992 and is Latvia's first and fastest-growing mobile network operator. The Latvian State Radio and Television Centre holds a 23% stake, Lattelecom holds 23%, the Privatization Agency of Latvia holds 5%, and Sweden's TeliaSonera holds 49%.
Additionally, according to the "State of the Internet" report by international cloud service and content delivery network provider Akamai, Latvia's average internet speed in the first quarter of 2014 was 12 Mbps, ranking sixth in the world, behind only South Korea (23.6 Mbps), Japan (14.6 Mbps), Hong Kong, China (13.3 Mbps), Switzerland (12.7 Mbps), and the Netherlands (12.4 Mbps).
