Magyar Telekom, the market leader in mobile communications in Hungary, announced the start of big optical network investments in Győr (NW Hungary) on Friday. According to the statement, Magyar Telekom intends to contribute to the country's digitization goals through its network developments, continuing the strategy it began in recent years. As part of this, the […]
CETIN Hungary has wound up a four-year network infrastructure modernization in which it invested HUF 102 billion, the integrated telecommunications infrastructure provider told MTI on Thursday. The company said it is saving 9.9 GWh of electricity annually with the modernisation, equivalent to the annual electricity consumption of 4,500 Hungarian households. The goal of the project […]
Listed ICT and telecom company 4iG said on Monday that its unit 4iG Telecommunication Holding acquired 99% of telecommunications operator Netfone Telecom. Netfone Telecom has a nationwide sales network, manages 106,000 SIM cards and has become a dominant player in the Hungarian mobile virtual network operator market. Following the transaction, Netfone Telecom will continue to […]
4iG Plc. has informed capital market participants on the website of the Budapest Stock Exchange that its indirect subsidiary, 2Connect Telecommunications Infrastructure & Network Services Ltd., through its legal predecessor D-Infrastruktúra Telecommunications Ltd., has successfully applied for the first phase of the Digital Hungary Operative Program Plus, the Gigabit Hungary Program tender: the company has […]
Despite the many opportunities, the unpredictable business environment in Hungary presents a challenge to businesses. Even stable SMBs may expand one month and cut back on costs the next. The mobile services provider Yettel’s new business solution offers flexibility, digital administration and cost efficiency to SMBs that want to adapt and grow, the company says […]
Sweden's Ericsson and the North Macedonian units of Hungary's 4iG Group and have signed a memorandum of understanding on strategic cooperation, according to a statement published on Monday. The strategic partnership outlined in the MoU, signed by 4iG unit One Macedonia and Ericsson Telecommunications Macedonia, aims to involve Ericsson in the design, delivery and commissioning […]
Following on from the second half of last year, Yettel continued to provide the fastest mobile internet access in Hungary in the first six months of 2025, according to Ookla Speedtest Intelligence and szelessav.net's national average speed measurements, the mobile operator told MTI on Thursday. Based on tests conducted by the independent international organization Ookla, […]
The three largest Hungarian mobile internet service providers have increased the roaming data allowance in their price plans, changed the composition of their subscription packages, and there has been no inflation-linked price adjustment this year, the National Media and Infocommunications Authority (NMHH) told MTI on Wednesday, based on its first-half summary of changes in mobile […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it held an Extraordinary General Meeting, at which a decision was made to separate the Company’s passive mobile infrastructure portfolio into a 100% owned subsidiary. With the spin-off adopted by the General Meeting, Magyar Telekom Plc. […]
Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has entered into an agreement to sell ViDaNet Plc., a company providing fixed services, to URSUS Investment and Asset Management Plc.. In a multi-step process, Magyar Telekom is divesting its shareholding in ViDaNet Plc., while […]
From January, Vodafone Hungary continues to operate under the name One Hungary Plc., the Vodafone HU mobile network is renamed One, and the Vodafone and Digi business networks are merged, the company 4iG told MTI on Thursday. In addition to the One brand, which previously covered Vodafone and Digi's residential and small business services, the […]
Group revenue increased by 13.8% year-on-year in Q3 2024, reflecting continued growth in service revenue driven by customer base expansion and ARPU increases as well as impacts from the inflation-based fee adjustment at the Hungarian operation. Higher equipment sales and SI/IT revenue also contributed to the quarterly increase, Magyar Telekom reported on the website of […]
In the Sziget Festival's area of just over one square kilometer, Yettel has built a network that can serve up to 60-80,000 people at the same time, the telecommunications partner of the event announced on the occasion of the opening of the festival. One of Europe's largest light music and cultural events attracts hundreds of thousands […]
2022 was a good year for Yettel Hungary: the telecom operator's revenue grew at a double-digit rate to EUR 615 million in accordance with international accounting standards, while its profit after tax was slightly lower at EUR 6 million, József Takács, Deputy Chief Financial Officer of Yettel Hungary, said at a press briefing on Tuesday. […]
The Hungarian state-owned Corvinus International Investment Ltd. has concluded agreements on the sale of its 25% stake in Yettel Hungary Plc. and Yettel Real Estate Hungary Plc. and its 20% stake in CETIN Hungary Plc, the Ministry of Economic Development (GFM) told MTI on Tuesday. According to the information, the buyer is the Dutch holding […]
