Tag: telecom

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Hungary to buy stake in mobile provider

July 16, 2019, 10:08 am
The Hungarian government could acquire a25% stake in mobile phone provider Telenor Hungary before the end of the year, the daily Népszava reported citing several sources. According to sources, the government... 

Hungary 4iG has regional plans following T-Systems acquisition

July 10, 2019, 11:29 am
As reported yesterday , exchange-listed IT group 4iG is buying T-Systems Hungary, the IT unit of Magyar Telekom. We sent a number of questions to both 4iG and T-Systems regarding the deal; below are the... 

How will the sale of T-Systems change Hungary's Magyar Telekom?

July 9, 2019, 5:07 pm
In view of the how T-Systems fared over the last few years, the sale of its subsidiary to 4iG could reduce its sales revenue by nearly one sixth, whereas its profit is not seen changing meaningfully. ... 

How large will Hungary's new IT giant be?

July 9, 2019, 3:40 pm
By taking over T-Systems, Hungary’s 4iG is becoming a big shot on the country’s IT market. Annual turnover of the new company is likely to be close to 150 billion forints in the short term.... 

Merging Hungarian operations of Vodafone, UPC draws closer

June 27, 2019, 9:05 am
Vodafone plans to buy the German, Hungarian, Romanian and Czech operations of Liberty Global, which requires the approval of the European Commission. Inside sources indicate that the deal will get the... 

President-CEO buys controlling stake in Hungarian IT group

June 17, 2019, 10:35 am
Following an agreement between tycoon Lőrinc Mészáros and Gellért Jászai, president-CEO of exchange-listed IT group 4iG Nyrt., Jászai has gained a controlling stake in the company, 4iG announced on the... 

Deutsche Telekom expands cloud services in Hungary too

June 6, 2019, 2:57 pm
Deutsche Telekom is expanding its cloud services for Central and Eastern Europe. Together with Microsoft, it will provide highly standardized cloud acceleration services across nine countries, including... 

Digi launches mobile service in Hungary after several delays

May 28, 2019, 9:21 am
Telecom provider Digi has launched its service on its own network on Tuesday, years after originally planned, rounding out its portfolio of landline, cable TV, cable internet and satellite TV with mobile... 

Magyar Telekom records splendid first-quarter revenues

May 9, 2019, 3:40 pm
Magyar Telekom, Hungary’s leading telecommunications group, had a great start in 2019, as regards its revenues. It has recorded growth in every segment, driven mainly by equipment sales and mobile... 

Hungary's Magyar Telekom has no problem with sales

May 7, 2019, 8:28 am
Hungary’s leading telecommunications group, Magyar Telekom, is set to publish its earnings report for the first quarter of 2019 after the closing bell on the Budapest Stock Exchange (BSE) on 8 May.... 

Results of Hungary's 5G frequency tenders to be announced in the autumn

April 24, 2019, 1:42 pm
The results of fifth-generation (5G) spectrum sales will be announced by the National Media and Infocommunications Authority (NMHH) in the autumn, the President of the watchdog announced on Wednesday.... 

Magyar Telekom distributes HUF 26 billion as dividend

April 9, 2019, 4:41 pm
Magyar Telekom, Hungary’s leading telecommunications group, has held its annual general meeting on Tuesday, where shareholders also voted on the size of dividend MTel should pay. The AGM approved... 

Today is the big day for Magyar Telekom

April 9, 2019, 8:32 am
We’re in the middle of the general meeting season that kicked off with the AGM of Nyomda on Monday and will be continues with the AGM of Magyar Telekom today. Shareholder are, of course, focusing... 

4iG rumoured to be eyeing T-Systems Hungary

April 3, 2019, 10:12 am
There is a rumour on the Hungarian market that 4iG, an interest of Lőrinc Mészáros, a billionaire ally of Prime Minister Viktor Orbán, is eying T-Systems Hungary, the infocommunciations arm of Magyar Telekom.... 

Hungary PM Orbán meets Deutsche Telekom CEO

March 29, 2019, 5:23 pm
Hungary’s Prime Minister Viktor Orbán has received in his office Timotheus Höttges, Chief Executive of Deutsche Telekom (DT), Srini Gopalan, Deputy CEO in charge of Europe, and Tibor Rékasi, CEO... 

Hungary Magyar Telekom to pay HUF 25 dividend per share

March 19, 2019, 8:22 am
The Board of Directors of Magyar Telekom, Hungary’s leading telecommunications group, proposes a dividend distribution in total HUF 26.068 billion to be approved by the Annual General Meeting of... 

Thrilling days await Hungary's Magyar Telekom

February 19, 2019, 11:51 am
Magyar Telekom is set to release its earnings report for the fourth quarter of 2018 on Wednesday, and management will hold a presentation for investors about the company’s medium-term strategy on... 

ANALYST VIEW - Hungary Magyar Telekom offers interesting optionality

December 17, 2018, 4:20 pm
Citi has raised its target price for Magyar Telekom, saying that the Hungarian telecom group offers and attractive yield with interesting optionality, especially as the local telecom market is about to... 

Hungary Magyar Telekom to sack about 400 employees

December 14, 2018, 12:23 pm
Magyar Telekom, Hungary’s leading telecommunications group, has reached an agreement with the trade unions on a headcount reduction and wage increases at the group in 2019. Staff to be cut, salaries... 

Hungary Magyar Telekom has frequency usage rights extended

December 4, 2018, 5:24 pm
Magyar Telekom, Hungary’s leading telecommunications group, has announced that it has extended its frequency usage rights for 11 billion forints. Based on the resolution of the National Media... 
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