Magyar Telekom has won tenders in a program to undertake gigabit network investments in 16 counties with around HUF 20.3 billion in European Union funding, the company said on Monday. Using these non-repayable EU funds, a fiber-optic cable system providing state-of-the-art internet and TV services will reach an additional 118,000 locations. The planning and permitting […]
The board of the Hungarian telecommunications company Magyar Telekom will propose to shareholders payment of a HUF 154-per-share dividend at an annual general meeting on April 8, the company said on the Budapest Stock Exchange (BSE) late on Tuesday. Magyar Telekom said its board proposes payment of a HUF 136.4 billion dividend fund on 2025 […]
Net income of Magyar Telekom rose 32% to HUF 208.4 billion in 2025, the telecommunications company said in an annual report released on the website of the Budapest Stock Exchange. Revenue edged up 2% to HUF 983.9 billion. Direct costs were practically flat at HUF 377.5 billion and indirect costs fell 16% to HUF 188.6 […]
The largest Hungarian mobile services provider Magyar Telekom has announced an agreement to gradually transfer its subscribers' 2G traffic to the network of peer Yettel Hungary from Tuesday. As MTI reports, The transition will be completed in several steps by April 1, 2026. Magyar Telekom will use the freed-up frequencies to enhance its 4G/5G networks. […]
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 […]
Magyar Telekom , the leading Hungarian telecommunications service provider, has announced on the website of the Budapest Stock Exchange that it has reached an agreement with the trade unions on the amount of the 2025 one-off compensation, the level of 2026 pay increase, other compensations and the efficiency measures at Magyar Telekom Plc. and Telekom […]
Third-quarter net income of Magyar Telekom rose 24% year-on-year to HUF 55.3 billion, supported by a wider margin and the rollback of a supplementary telecommunications tax, as shown by an earnings report released on Wednesday and summarized by MTI. Revenue edged down 1% to HUF 242.9 billion. Direct costs fell 6% to HUF 89.0 billion, […]
Group revenue remained broadly stable year-on-year in Q2 2025, as a continued increase in service revenues driven by sustained demand for data and connectivity was offset by lower System Integration and IT revenues, declines in equipment sales and the impact of ViDaNet fixed-line subsidiary deconsolidation, the Hungarian telecom company announced on the website of the […]
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. […]
For small businesses, an online presence is essential, which has become a key competitiveness factor in recent years, said Tamás Sipos, head of Magyar Telekom's small and medium-sized enterprises (SME) segment, presenting the results of a representative survey conducted by Ipsos on behalf of Telekom at a press conference in Budapest on Wednesday. Those who […]
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 […]
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 […]
Three quarters of micro and small businesses would be willing to try, and one third of them would even pay for, a useful artificial intelligence solution, according to Magyar Telekom's latest research targeting micro and small businesses. According to the summary sent to MTI on Tuesday, only 2% of respondents have never heard of artificial […]
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, […]
