Government, MTel reach agreement on expanding broadband access


Magyar Telekom, the subsidiary of telco giant Deutsche Telecom, has agreed to bring broadband internet to a further 230,000 Hungarian households with its own money in exchange for a promise by the government not to give its competitors European Union grant money for geographically parallel investments, state secretary Ákos Kara told journalists yesterday, according to Hungarian news agency MTI.

MTel will build the networks, with speeds of at least 30 Mbit/s by April 15, 2018, Kara said. Similar commitments, to provide a further 270,000 homes with broadband internet, are being made by Invitel, UPC, Tarr and 70 other service providers, he said.

Agreements on these networks will be signed in the next two weeks, he added. Kara noted that almost 1 million Hungarian households still do not have access to broadband internet. 


Croatia inflation steady in May Figures

Croatia inflation steady in May

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.