ISPsʼ revenues up 12% y-o-y in Q1
Revenues of internet service providers (ISPs) in Hungary rose 12% year-on-year to HUF 59.1 billion in the first quarter, shows a summary of sector data by the Central Statistical Office (KSH), cited by state news agency MTI.
Revenues of ISPs from land lines increased 7% to HUF 30.4 bln, while revenues from wireless internet climbed 18% to HUF 28.7bn.
The number of internet subscriptions in Hungary was up by 5.2% in Q1 2018 compared to the corresponding period of 2017, reaching 9.57 million. The number of subscribers using optical cable connections jumped 16.7% to 655,700.
The ISP market continues to be highly concentrated, with 10 companies responsible for more than 96% of subscriptions. Around 80% of subscriptions were in the retail sector and 10% in the corporate sector.
Of all subscriptions, 69% are for mobile internet services, broadly unchanged since 2015 as the subcategory has been able to grow at a very similar pace to the overall number of subscribers. The overwhelming share of data traffic, however, still takes place using wired internet connections.
Around 17% of wired subscriptions were for internet connections with less than 2 Mbit/s of guaranteed data rate, and some 30% for a data rate of between 10 Mbit/s and 30 Mbit/s, while 33% of subscribers had access to a higher data rate than that.
Hungary Gasoline Prices 3% Over Regional Avg
Gov't Wants Sustainable Business Model for Magyar Posta
120,000 Guest Workers Employed in Hungary
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
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.
