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Telecommunications

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Yettel Achieved Double-Digit Revenue Growth Last Year

D&T
Apr 16, 2024

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 Sells its Stake in Yettel

D&T
Dec 19, 2023

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 […]

Yettel, First in Hungary with Most Advanced 5G Technology

D&T
Nov 20, 2023

Yettel has become the first company in Hungary – and in the world – to launch its 'standalone' 5G technology, the most advanced of the 5G network, the company told MTI on Monday. It said that while the currently deployed 5G networks still rely on 4G to build the connection, the newly launched standalone 5G […]

Yettel: Data Traffic Increased Significantly in the Summer

D&T
Sep 6, 2023

Hungarian mobile services provider Yettel has recorded a 54% increase in data traffic nationwide and a 35% increase in data traffic around Lake Balaton and Lake Velence, while roaming traffic in Croatia doubled this summer compared to last year, the operator told MTI on Wednesday. The busiest week of the summer on Yettel Hungary's mobile […]

Magyar Telekom Reports Increased Revenues

D&T
Aug 9, 2023

Group revenue increased by 14.0% year-on-year in Q2 2023, owing to continued strong demand for mobile data and fixed broadband services coupled with the positive effects of inflation-based fee adjustments implemented in Hungary. The mobile service provider reported on the website of the Budapest Stock Exchange that gross profit improved in line with revenue trends, […]

Magyar Telekom Increases its 5G Coverage to 60%

D&T
May 24, 2023

Magyar Telekom, the leading Hungarian telecommunications service provider, has announces that as the next phase in its mobile network modernization program, from June 1, 2023, it increases its population-based outdoor 5G coverage to 60%. Magyar Telekom is continuing its multi-year mobile network modernization program this year, aiming to upgrade, maintain and improve service quality and […]

Magyar Telekom Reports 12.5% Annual Growth in Q1

D&T
May 11, 2023

Group revenue grew by 12.5% year-on-year in Q1 2023, thanks to continued strong demand for mobile data coupled with further increases in broadband revenues and higher system integration and IT revenues, the telecom service provider reported on the website of the Budapest Stock Exchange. Gross profit improved in line with revenue trends, growing by 13.1% […]

Yettel Launches Home TV Service

D&T
May 4, 2023

Hungarian Mobile communication service operator Yettel's home TV service based on mobile technology has been launched after a successful open test period, Deputy Chief Commercial Officer Nemanja Zilovic announced at a press conference in Budapest. He said that the launch of the current internet-based service was preceded by a 2.5-month test period. The service is […]

Yettel Builds 5G Network at Óbuda University

D&T
Mar 18, 2023

Óbuda University in Budapest has signed a partnership agreement with mobile operator Yettel Hungary to build a mobile communications network at the university using 5G technology. In the framework of the strategic cooperation, the mobile company will cooperate with the higher education institution in the field of recruitment, in addition to supporting education, the university. […]

Hungarians Talk a Lot on Mobile Phones

D&T
Mar 2, 2023

On average, Hungarians talk on their mobile phones 247 minutes a month, a figure that is expected to rise further in the future, according to the latest research by the National Media and Infocommunications Authority (NMHH). The NMHH's communications directorate said in a statement that, according to data from the UN's telecommunications agency, the Netherlands […]

No More Printed Telephone Directories in Hungary

D&T
Jan 11, 2023

From 2022, telecom companies in Hungary are no longer obliged to display their subscribers' data in books or any other medium, ending the era of printed phone book after 140 years. Magyar Telekom's printed copies last year were the last ones in this category. One of the copies was donated to the Postal Museum. The […]

Yettel, a Stable and Long-Standing Partner

D&T
Dec 8, 2022

Yettel Hungary Ltd., one of the nationwide mobile phone operators in Hungary, is spending HUF tens of billions to modernize its mobile network nationwide, having acquired several spectrum parts at the national tenders for frequency. Diplomacy&Trade asked the Chief Legal and Reputation Officer at Yettel Hungary, Márk Erdélyi, what this modernization entails and in what […]

Yettel to Further Develop its National Mobile Network

D&T
Nov 1, 2022

One of Hungary’s mobile communications service providers, Yettel is spending HUF tens of billions to modernize its mobile network nationwide, the development could almost triple the capacity of the network, making it faster and more reliable in many respects, the company told the state news agency MTI. The development of the core network will enable […]

BT Invests in New Office in Debrecen

D&T
Oct 26, 2022

BT (British Telecommunications) has announced the signing of a new agreement to relocate its operations in Debrecen to a state-of-the-art office in Great Forest city park, Forest Offices. Around 500 employees based in Hungary’s second biggest city will move to the new location in 2023. The new office space will reflect BT’s “smart working” principles […]

Vodafone Hungary To Be Nationalized for EUR 1.8 Bn

D&T
Aug 22, 2022

Vodafone Group has entered into heads of terms with 4iG Public Limited Company and Corvinus Zrt. in relation to the potential sale of 100% of Vodafone Magyarország Távközlési Plc. (Vodafone Hungary) for a total cash consideration equivalent to an enterprise value of HUF 715 bn (EUR 1.8 bn), according to a press statement by Vodafone. […]

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