MTel boosts 4G coverage to 73%, targets 93%

Deals

Magyar Telekom, the Hungarian subsidiary of German giant Deutsche Telekom, will boost the coverage rate of their fourth-generation (4G) mobile network from 53% to 73% tomorrow, when the company launches frequencies it purchased at a recent tender, CEO Christopher Mattheisen said at a press conference today.

With the use of the new frequencies MTel is connecting 450 4G base stations to the network at midnight on Friday, providing their subscribers with data transfer speeds up to 150 Mbps, the CEO said. By the end of 2015, the 4G coverage rate is expected to reach 93%, he added.

National Media and Infocommunications Authority (NMHH) head Mónika Karas presented the CEO with the frequency licences at the press conference. MTel announced in September that it would pay HUF 58.7 bln for the frequency packages and capitalize HUF 36.8 bln for the present value of the future annual band fees related to the frequencies.

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