Vodafone reduces term of loyalty contracts

Recycling

Mobile telecommunications service provider Vodafone will reduce the term of "loyalty contracts" it offers subscribers from two years to one year from Monday, state news wire MTI reported.

Amendments to the telecommunications act in force from October 24 require a reduction in the terms of loyalty contracts for all post-paid clients, with the exception of those who opt for a discounted handset when signing. Vodafone will comply one month ahead of the legal deadline, Marketing Director Balázs Révész told journalists on Tuesday, quoted by MTI.

Complying with the amendments will cost Vodafone more than HUF 100 million. About 88% of Vodafoneʼs post-paid subscribers have "loyalty contracts" and more than half of all subscribers availed themselves of offers for discounted handsets, Révész added.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.