UPC boasts 2.6 million subscribers in Hungary

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

January 14, 2022 10:54

Transporeon acquires Hungary's Nexogen

For an undisclosed sum

pfizer vakcina
January 13, 2022 08:51

Important news about Pfizer's COVID-19 vaccine booster

Works well with pneumonia shot too

January 12, 2022 14:50

Hungary Mol expands in Poland, buys 417 pumps there

For USD 610 million (cc. HUF 191 billion)

EBRD londoni szekhaz
January 12, 2022 09:05

EBRD also supports EV battery copper foil plant in Hungary

By providing a loan of nearly HUF 9 billion

January 07, 2022 16:58

How can a “hybrid” data controller receive and send data?

Transfer in the interpretation of the EDPB guidelines about the interplay of Art 3(2) and Chapter V GDPR, now under consultation

January 06, 2022 15:15

OTP is the top pick of Hungarian fund managers

4iG is the least-favourite Hungarian stock