UPC boasts 2.6 million subscribers in Hungary

Portfolio
Infocommunications company UPC Hungary increased its revenues by 9.7% year on year in 2017, on the back of a 7.3% rise in the number of subscriptions to over 2.064 million, the company announced on Thursday.
UPC has not disclosed its 2016 sales figure, but publicly available data show HUF 66.57 bn.

Robert Redeleanu, CEO of UPC Hungary and UPC Romania, underlined in a statement that the main engine of sales growth was a dynamic development in mobile and business services and network upgrades. UPC invested a total of HUF 17.6 bn on network developments on 40 cities, expanding its network to 1.8 million households in 347 settlements.

UPC Hungary has over 850,000 retail and corporate customers at the end of last year, which marks an increase of more than 27,000 in annual terms. The number of high-speed Internet subscriptions rose by nearly 40,000 ot over 664,000, and there were almost 20,000 more (683,000 in total) analogous and digital TV subscriptions at the end of 2017 than a year earlier. The number of mobile subscriptions exceeded 88,000, as a result of 25,900 new sign-ups.
 

More in Business

Nagy menekülés kezdődhet Kínából
April 24, 2024 09:14

Direct air link between Shenzhen, China and Budapest to be established

With two flights per week

szijjártó péter
April 24, 2024 08:24

Foreign Minister Szijjártó visits Great Wall Motors' headquarters in China

Is one of the world's largest electric car manufacturers really coming to Hungary?

April 22, 2024 17:44

Hungarians consortium gets closer to buying Spanish supertrain manufacturer

Despite objection by Madrid

April 19, 2024 16:22

Hungary's Mészáros Group buys up Brendon

Lőrinc Mészáros business acquires baby goods network

Matrai Karoly portre cikk
April 19, 2024 15:10

It is too expensive for Hungary to disconnect from Russian gas, MVM hopes to keep Ukrainian transit

MVM CEO shares highly important information

yetteltorokbalint
April 17, 2024 09:08

Yettel's revenue up, profit slightly down in 2023

Meanwhile, the Emirati buyers are nowhere to be seen

LATEST NEWS

Detailed search