Magyar Telekom broadband expands to 2.8 mln households

Telco

TOO SMALL, DO NOT USE

The broadband internet network coverage of Hungarian telecommunications company Magyar Telekom expanded to 2.8 million households in 2016, the company said today, according to Hungarian news agency MTI.

In 2016 around 565,000 households were added to the network, following 464,000 households added in 2015. 

Currently some 700,000 households of the 2.8 million total have access to fiber optical cable networks.

For 2017 the company aims to expand its network by 270,000 households. Around a quarter of the investment costs for the expansion will be financed from EU funds.

Earlier in September 2016, Magyar Telekom said it won a HUF 12.2 billion EU grant to support investments in its fixed broadband network. Supplemented with the companyʼs own resources, the funding could bring broadband internet with a minimum speed of 30 Mbps to some 111,000 homes.

ADVERTISEMENT

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023 Analysis

EBRD Sees Hungary GDP Growth Slowing to 1.5% in 2023

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.