Lithuanian# Viginta beats its drum
By Chris Dziadul
Published: November 18,
The# Lithuanian triple play company UAB Viginta has claimed that it is proportionately spending more than the market leader TEO LT on upgrading its network to offer internet access at speeds of 100 Mbps# to 1 Gbps#.
VZ reports that the company, which has over 70,000 triple play subscribers nationally and 35,000 in Vilnius receiving its TV and internet services, has already invested LTL3 million (€868,924) in the capital alone this year. Furthermore, this will be matched by an additional LTL3 million in 2011#.
Although TEO LT aims to invest LTL90 million on upgrading its network, Viginta argues that the incumbent telco is many times its size and so comparisons on the actual amounts spent by the two companies should not be made#
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