Invitel launches €30 mln network development

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Hungarian tele- and info-communications company, Invitel is launching a more than €30 mln development program in the retail and corporate sectors, which will bring high-speed internet and interactive television to an additional 120,000 households this year, Invitel said at a press conference today co-hosted by CEO David Blunck (pictured) and deputy-CEO Marianne Langsteiner.

"Invitel was able to double its revenue in the past two years in its two focus segments of business ICT and residential television services," Blunck said. Blunck added that in order to strengthen Invitelʼs market position in Hungary they will "speed up the realization of Invitelʼs business strategy", which was established in 2012.

Langsteiner said she expects more than half a million household to have access to broadband internet by this August, and as a result of the current project, Invitel foresees its services becoming available to residents in 98 of Hungaryʼs largest cities.

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