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Magyar Telekom Increases its 5G Coverage to 60%

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

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

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

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

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

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

Sándor Laczkó
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

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

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

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. […]

Magyar Telekom Switches Off its 3G Mobile Network

Jul 1, 2022

Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that it has switched off its 3G network, which is no longer available anywhere as of today. The Company is also preparing for the needs of the future and will continue its multiyear network modernization program launched in 2020. The purpose of the modernization is […]

Magyar Telekom to Acquire Fiber Network

Jun 18, 2022

Magyar Telekom, the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has exercised its call option on the business quota of Cecoin Ltd. allowing it to acquire a fiber network covering 110,000 access points in Hungary for a purchase price of HUF 6.95 billion. In 2014, […]

Magyar Telekom to Pay HUF 25 Bn 'Extra Profit' Tax

Jun 6, 2022

Hungary’s leading telecommunications service provider Magyar Telekom has announced that under Government Decree 197/2022. (VI.4.) on the extra profit taxes, the expected magnitude of supplementary telecommunication tax payable by Magyar Telekom Group for the year 2022 is approximately HUF 25 billion. The company statement highlights that on June 4, 2022 the Hungarian government issued a […]

Nokia Launches 5G-Related R&D Program in Budapest

May 31, 2022

Up to 150 high value-added jobs will be created by Nokia Solutions and Networks Ltd. at their Budapest R&D center to conduct research on 5G technology. The program will cost EUR 6.8 million (over a quarter of which is covered by Hungarian taxpayers according to a government decision, and promises to trigger the development of […]

Vodafone HU Reinforces Network on Ukraine Border

Feb 26, 2022

In the framework of international cooperation, a Czech Vodafone team arrived today from Prague with two extra mobile base stations to reinforce Vodafone Hungary’s network capabilities. The measure, in the implementation of which the Czech team works together with Hungarian network engineers, is aimed for Vodafone to be ready to serve customers in case of […]

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