LMT was founded on January 2, 1992. New children’s playground and modernized library in
Preiļi, outdoor fitness equipment in
Tukums, purchase of binoculars for bird watching in Sātiņi Nature Reserve and a youth festival in
Saldus are few of the ideas implemented in 2014 thanks to the initiative ‘LMT for Latvia’. The ultimate goal of the project is to improve the life and environment of Latvian regional communities and support the initiatives of the individuals, companies and various NGOs in order to achieve growth of the city/town and make life better and surroundings – more beautiful. On June 1, 2021, it was announced that SIA "Latvijas mobilais telefons" will purchase the data transmission network and IT security solutions company SIA Santa Monica Networks, which also operated in Lithuania. Until then, the owners of SIA Santa Monica Networks were the limited partnership KS EuVECA Livonia Partners Fund I (51.89%), SIA C 3 (34.68%), the Estonian company Alkonda OÜ (11.64%) and several natural persons. After receiving permission from the Competition Council of Latvia and Lithuania, LMT completed the acquisition of Santa Monica Networks on October 11. In several rounds of 700 MHz frequency auctions held in Latvia in December 2021, LMT acquired 700 MHz frequency bands for 5.758 million euros. On July 15, 2025,
Government of Latvia announced that they plan to buy out
Telia Company's shares of both LMT and
Tet with help from
Latvenergo and Latvian State Radio and Television Centre (LVRTC), to make both companies state-owned. Telia confirmed the sale on July 17 by signing a memorandum of understanding with Latvia, Latvenergo and LVRTC, with the transaction expected to be completed in the first half of 2026. == Main products ==