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Magyar Telekom

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Good First Quarter Results at Magyar Telekom

May 11, 2022

Hungary's largest telecommunication operator, Magyar Telekom maintained strong momentum across its business lines, as the Group revenue grew by 8.4% year-on-year in the first quarter of 2022, the company announced on the website of the Budapest Stock Exchange this Wednesday. According to the statement, the revenue growth is owed to continued expansion of the customer […]

Good Year for Magyar Telekom

Feb 25, 2022

Total revenue at the Hungarian telecommunications service provider Magyar Telekom increased by 2.5% year-on-year to HUF 193.6 billion in Q4 2021, or 4.0% year-on-year to HUF 700.1 billion for the full year, primarily driven by increases in telecommunication service revenue, particularly mobile data which offset the lower System Integration and IT (SI/IT) sales in both […]

Magyar Telekom Cancels ADSs on the London Stock Exchange

Dec 2, 2021

Magyar Telekom, the leading Hungarian telecommunications service provider has announced that the Board of Directors of the Company decided to request the cancellation of admission to trading of its American Depositary Shares (ADSs) on the London Stock Exchange’s International Order Book (IOBU market segment) with effect from December 30, 2021. The company has notified the […]

Telekom KraftLab for Creative Youth in Debrecen

Sep 29, 2021

A unique undertaking by a brand: for those who lacked the space, the community or the tools to realize their innovative ideas, Telekom's new youth creative space, KraftLab, opening in Debrecen, provides all the necessary conditions for them to fulfil their potential, according to a press release by Magyar Telekom. KraftLab also demonstrates the power […]

Modest Revenue Increase at Magyar Telekom

Feb 28, 2021

Hungary’s largest telecommunications service provider Magyar Telekom reported its consolidated financial results for the fourth quarter and full year of 2020, in accordance with International Financial Reporting Standards (IFRS) as endorsed by the EU. Total revenues increased by 3.6% year-on-year to HUF 188.9 billion in Q4 2020 thanks to increases in telecommunication service revenues in […]

Magyar Telekom headquarters in Budapest

Magyar Telekom Acquires Frequency Usage Rights

Jan 30, 2021

Magyar Telekom, the leading Hungarian telecommunications service provider has announced that – in the auction procedure for the entitlements of frequency use of the 900 MHz and the 1800 MHz frequency bands –, it has won the rights of use of 2×8 MHz in the 900 MHz band for HUF 18.48 billion and 2×20 MHz […]

Telekom, BME and Ericsson: Joint Research on 5G

Dec 12, 2020

Magyar Telekom, the Budapest University of Technology and Economics (BME) and Ericsson Hungary have launched a research and development project in the field of 5G, the fifth-generation mobile technology. A press statement by Magyar Telekom says that leveraging on the frequencies provided by Magyar Telekom for BME’s educational and research purposes, Ericsson has built and […]

Profit Increase at Magyar Telekom

Nov 7, 2020

Magyar Telekom's consolidated after-tax profit increased by 50.9% to HUF 19.7 billion in the third quarter of this year, exceeding analysts' expectations, and sales increased by 1.8% to HUF 167.7 billion. In the first nine months of this year, Magyar Telekom's group-level sales remained unchanged at HUF 484.2 billion, and after tax profit decreased by […]

New CEO at T-Systems Hungary

Sep 22, 2020

Magyar Telekom, the leading Hungarian telecommunications service provider, has announced that based on the decision of the Company's Board of Directors, Gábor Gonda will be the Chief Commercial Officer Enterprise and CEO of T-Systems Magyarország Zrt. as of November 2, 2020. Gábor Gonda takes on his new position as the CEO of T-Systems with 21 […]

Telekom Expands 5G Service Area in Hungary

Aug 26, 2020

By the end of August, Magyar Telekom’s service achieved another milestone by switching on dozens of new stations, and thus, the commercial service, offering gigabit download speed is already available in 23 settlements, a press release by the company says. On April 9, Magyar Telekom launched their commercial 5G service, which can be used with […]

Declining Revenues at Magyar Telekom

Aug 6, 2020

Magyar Telekom has published its financial results for the second quarter and first half of 2020 on the website of the Budapest Stock Exchange. Among the financial highlights, the company says revenues declined by HUF 3.6 billion, or 2.2% year-on-year, to HUF 157.2 billion in Q2 2020, driven by lower contribution from the SI/IT business […]

Mobile Services Back to Normal

Jul 2, 2020

Telecommunications companies say data traffic has now largely shifted back to pre-coronavirus levels, the daily Világgazdaság writes, having asked major mobile operators about the topic. Compared to the increased network traffic in the spring due to the epidemic, there is now a decline in both voice calls and data traffic, but there is still a […]

Telekom Expands 5G Capacity around Lake Balaton

Jun 24, 2020

In July, Magyar Telekom will make available for the first time, with 15 base stations in six waterfront cities – Siófok, Tihany, Balatonalmádi, Fonyód, Balatonföldvár and Balatonszabadi-Sóstó – a 5G service, which enables even higher bandwidth and the simultaneous connection of many more devices. According to the plans, the number of Telekom's stations providing 5G […]

Magyar Telekom: Slight Growth in Q1 2020

May 14, 2020

Total revenues at the Magyar Telekom Group in the first quarter of 2020 amounted to HUF 159.333 billion, which is 0.2% higher compared to the corresponding period in 2019, according to the Group’s latest financial report. The operating profit in the first three months of the year was HUF 12.723, 1.1% more than a year […]

Magyar Telekom Launches Commercial 5G Service

Apr 9, 2020

Magyar Telekom has begun its commercial 5G data transmission service. Initially, it is available in certain parts of Budapest and Zalaegerszeg, SW Hungary. 5G technology, allowing data transmission rates significantly higher than earlier, low latency, and the connection of a vast amount of network devices shall open up a number of new possibilities for residential […]

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