ADVERTISEMENT

MVM signs deal with Huawei to establish new mobile network

Competition

Chinaʼs telecommunications and networking company Huawei is expected to sign a contract with state-owned MVM Net for the establishment of Hungaryʼs fourth mobile telecommunications network, daily Népszabadság reported today. No public procurement tender was called for the contract, the report said.

The Hungarian government will spend HUF 12.8 bln on the network, and is not required by law to call a procurement tender for the project, regardless of its cost, according to MVM.

The frequency block in question is the 450MHz band, which MVM purchased last spring.

At present, the network provides 30% penetration in Hungary and is currently being used in test mode for a handful of government applications, according to reports. The companies are aiming for 95% penetration by March 2016, Népszabadság reports.

MVM Net Zrt. is a subsidiary of state-owned Hungarian  Electricity Workks (MVM).

In the past, officials in the US, UK, India, Canada and Australia have reportedly raised concerns about the security of Huaweiʼs networks, including making charges that the company assists the Chinese government in spying on its network customers – charges the company denies.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.