Tet is a Latvian telecommunications and cloud company based in Riga, formerly known as Lattelecom until its rebranding in 2019. Its business offer includes Tet Cloud, virtual server rental, data backup, S3-compatible storage, containerisation, data centre solutions and private clouds that run inside a client's own environment. The services are delivered as managed cloud and hosting services for companies in Latvia and the Baltic region.
According to the Latvian public broadcaster LSM, the Latvian state holds a majority stake in Tet and the Swedish Telia group holds the minority stake through a subsidiary. The state majority means the ownership chain does not lead to a state outside the EU. Tet Cloud runs from geographically separate sites in Riga and Copenhagen, and the company says some clients keep copies of critical data outside Latvia. For a European organisation, the Latvian seat and the EU locations are the relevant facts, while a planned buy-out of Telia's stake deserves attention.