Magyar Telekom CEO: Network integration expected


Magyar Telekom CEO Christopher Mattheisen sees an integration of the information, media and entertainment markets, as well as the integration of fixed line and mobile networks as the future of the telecommunication industry, the CEO told Hungarian news agency MTI today.

Mattheisen predicts an expansion of mobile data transfers, fuelled in particular by the sharing of video and other media, to become the engine of growth for the sector. The CEO envisages a future where not only handsets will be connected to mobile networks, but cars and “wearables” as well.

The 4G coverage of Magyar Telekom, the Hungarian subsidiary of German telco giant Deutsche Telekom, has exceeded 80% in Hungary since it acquired the spectrum in a frequency tender last year. As such, the number of 4G subscribers in Magyar Telekom's network exceeded 450,000 last year, and another 920,000 were TV subscribers, of whom approximately 450,000 had interactive TV service, Mattheisen added.

Magyar Telekom supports the government's aim to bring broadband internet to all Hungarian households by 2018, two years prior to the deadline noted in the Digital Agenda for Europe, Mattheisen said.

Magyar Telekom feels that the establishment of a regulatory environment that provides incentives for investment, will produce predictable and equitable conditions for market players of prime importance, he said. This would stimulate the country's competitiveness, spur investments and also create jobs, he added.


Business, consumer confidence slip in May Analysis

Business, consumer confidence slip in May

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500


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.