Invitel launches €30 mln network development

Deals

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.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

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.