Telia Eesti AS Due Diligence

Run due diligence on Telia Eesti AS: check compliance and get alerts when suppliers change.

Estonia · www.telia.ee · 16 vendors

Telia Eesti AS is the largest IT and telecommunications company in Estonia, providing a wide range of integrated mobile, broadband, TV, and IT solutions. The company serves both residential and business customers and is a subsidiary of the multinational Telia Company. It actively invests in developing Estonia's information society and advanced technologies like 5G.

Resilience scores

Technology vendors

Services catalogue

5 services in catalogue across 3 categories; runs on 16 sub-vendors.

Insights

Last updated 2026-10-23 · revision 6

16 direct vendors, 180 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

5 in-scope frameworks identified; showing 3.

GDPR (source) — Evidence found

Evidence: https://www.telia.ee/telia-privaatsusteade, https://www.telia.ee/en/telia-privaatsusteade

ISO 27001 (source) — Evidence found

Evidence: https://www.telia.ee/ettevottest/uldinfo/, https://www.telia.ee/en/ettevottest/uldinfo

SOC 2 (source) — No public evidence

Evidence: https://www.telia.ee/ettevottest/uldinfo/

Financials

Three-year financials

Financial Resilience Score: 7/10

Telia Eesti AS demonstrates solid financial resilience underpinned by its position as the #1 mobile network operator in Estonia, a subscription-based recurring revenue model, and the full financial and strategic backing of its parent, Telia Company AB. The company benefits from an integrated quad-play offering (mobile, fixed broadband, TV, B2B IT), which drives cross-selling, reduces churn, and provides revenue diversification beyond traditional telecoms. The parent's stated commitment of approximately €50 million per year in Estonian capex signals sustained investment in network quality and 5G leadership, reinforcing competitive positioning. The B2B IT and enterprise services segment — encompassing cloud, cybersecurity, and managed services — represents the fastest-growing revenue stream and is increasingly material to the overall mix, partially offsetting structural decline in legacy fixed-voice revenues. ESG credentials (100% renewable electricity since 2016, multiple ISO certifications) reduce regulatory and reputational risk, while Estonia's advanced digital society creates a structurally supportive demand environment for high-quality connectivity and IT services. Key risks temper the resilience score. The Estonian market is small (~1.4 million population) and highly competitive, with Elisa Eesti and Tele2 Estonia as active rivals, limiting subscriber growth and pressuring ARPU. As a wholly owned subsidiary, Telia Eesti is subject to intercompany charges (brand licence fees, shared services) and regular dividend extraction by the parent, which can compress standalone equity and financial flexibility. Transfer pricing and parent-level strategic reviews add further uncertainty. Geopolitical and cybersecurity risks are elevated given Estonia's proximity to Russia and its role as a NATO member operating critical national infrastructure. Macroeconomic headwinds — Estonia experienced GDP contraction in 2022–2023 — could pressure consumer and enterprise spending. The high capex-to-revenue ratio (~19–20%) and dual fixed/mobile network maintenance create ongoing D&A burdens. Overall, the company is financially sound but constrained by market size, competitive dynamics, and parent dependency.

Key strengths: #1 mobile network operator in Estonia by quality (Rohde & Schwarz certified), 100% ownership by Telia Company AB providing capital access and group backing, Subscription-based recurring revenue model with high customer lock-in, Integrated quad-play model (mobile, broadband, TV, B2B IT) enabling cross-selling, ~€50M annual capex commitment from parent for network modernisation and 5G, Fast-growing B2B IT and enterprise services segment diversifying revenue, 100% renewable electricity since 2016; multiple ISO certifications reducing ESG risk, Digital Estonia tailwind sustaining demand for connectivity and IT services, 5G and 5G+ leadership ahead of competitors

Risk factors: Small, saturated Estonian market (~1.4M population) limiting subscriber growth, Intense competition from Elisa Eesti and Tele2 Estonia pressuring pricing and ARPU, Intercompany charges (brand licence fees, shared services) reducing standalone profitability, Regular dividend extraction by parent limiting equity base and financial flexibility, Transfer pricing risk and exposure to parent-level strategic reviews, Elevated geopolitical and cybersecurity risk given Estonia's proximity to Russia and NATO obligations, Estonian GDP contraction in 2022–2023 pressuring consumer and enterprise spending, High capex-to-revenue ratio (~19–20%) and dual network maintenance creating D&A burden, EU and Estonian telecoms regulatory risk (spectrum, roaming, GDPR, net neutrality)

Revenue by geography

Revenue by product/service

Workforce by country

Signed-in users can see whether their own company is exposed to this vendor's disruption, plus the full sub-vendor list and country breakdowns, every in-scope compliance framework plus gaps and next steps, and alerts when any of it changes.

View the full interactive report