4iG and the Hungarian state concluded the final purchase agreement for the purchase of Vodafone Hungary, 4iG announced on the website of the Budapest Stock Exchange this morning. The value of the transaction is HUF 660 billion and the deal can be closed at the end of January. According to the announcement by the info-communications […]

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 […]

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'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 […]

As the next step in the integration of Vodafone Hungary and UPC, in the fall of 2022, staff working in the company's Budapest offices will move to the Budapest ONE office park. The complex, developed by Futureal, will house Vodafone's new headquarters, which will offer innovative technological solutions with the highest standards, focusing not only […]

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 […]

In Hungary, 71% of households have a mobile broadband connection, the use of which has spread extremely quickly, the country's Central Statistical Office (KSH) reports. World Telecommunication Day has been celebrated annually on May 17 since 1969. The date marks the anniversary of the founding of the International Telecommunications Union (ITU) on this day in […]

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 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 […]

Magyar Telekom, Telenor and Vodafone have paid HUF 128.49 billion altogether for the 15-year use of bandwidths suitable for 5G standard data transmission. The bandwidths were auctioned by the National Media and Infocommunications Authority (NMHH) late March. According to the Authority, the auction, held under stringent precautionary measures, saw "intensive competition," although, only the three […]

Magyar Telekom, the leading Hungarian telecommunications service provider has announced that the its Board of Directors resolved to streamline its management structure by re-allocating the tasks and responsibilities of the Management Committee to the Chief Officers and to the Board of Directors of the Company with effect from January 1, 2020. Additionally, the Board of […]

The importance of 4G networks continued to grow in the second quarter of 2019 with over 95% of mobile Internet traffic and 17% of domestic call traffic already on 4G , showing an increase of 1.4 percentage points and 5 percentage points, respectively, compared to the end of 2018, says the latest mobile market report […]

The UPC brand currently used by Vodafone Hungary will be phased out from the Hungarian market from April, hwsw.hu reports, citing Vodafone Chief Executive Officer Amanda Nelson. The move comes nearly one year after the British telecommunications giant acquired Liberty Global's cable business in the Czech Republic, Germany, Hungary and Romania. Liberty was present in […]

The number of smartphone users in Hungary is 5.3 million, which equals 89% of all internet users in the country. The number of people using a mobile internet connection has increased by 1.7 million to almost 4.5 million between 2017 and May 2019. The major role that smartphones play in our lives is proven by […]

European Commission Clears Vodafone's Bid to Buy Liberty Global Units The European Commission granted approval for Vodafone to acquire Liberty Global's cable business in Czechia, Germany, Hungary and Romania in exchange for full compliance with commitments previously undertaken by Vodafone. As a result, the U.K.-based telecommunications giant will become the new owner of UPC Hungary. […]