Latvian telecommunications company, Tet, previously Lattelecom, has opened its sixth data centre in the country as it looks to grow its data centre operations. The company has spent $1.6 million on construction and installing 60 racks to support increased business demand.
“Tet’s data center market share in Latvia is 30%, and we are the most recognizable data center service provider, moreover, two-thirds of data center services are exported. The Tet Group’s export turnover in the first half of 2021 increased by 46% compared to the same period last year, reaching one-fifth of the total turnover. Integrated IT solutions, including data hosting services in data centers and the cloud, are one of Tet’s most important export directions,” said Uldis Tatarčuks, CEO & Chairman of the Board of Tet.
Established in 2000, Tet’s portfolio has expanded from a single 20 rack facility to 400 racks across six data centres. The company claims it is looking at significant growth, increasing its operations by as much as 15% each year.