Vantage Towers, Elektromotive Hungaria partner on EV charging stations
Vantage Towers Magyarország, the network infrastructure business of Vodafone Magyarország, is partnering with Elektromotive Hungary to install electric vehicle charging stations at Vodafone base stations, Vantage Towers chairman-CEO Gergő J. Budai said on Friday, according to a report by state news wire MTI.
Budai said about 60 charging stations will be installed at 38 base stations in the "first round" of the partnership.
He put the cost of the investment around HUF 800 million and said the amount could be recouped in 6-7 years.
The charging stations will be powered by renewable energy.
Hungary is the first country in which Vodafone's European infrastructure business Vantage Towers is rolling out the scheme, but it will be expanded to other countries in the mid-term, Budai said. Vantage Towers is continuously looking for ways to use its base stations for additional purposes, he added.
Elektromotive Hungaria managing director János Mátyásfalvi said the company has participated in the installation of "several hundred" public and private charging stations in Hungary. A central element of the Vantage Towers Magyarország charging stations will be the InfoCharger which Elektromotive Hungaria developed itself, he added.
Vantage Towers Magyarország has more than 2,000 base stations in the country, giving it the second-largest market share.
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.