Telco

Telco

MNB fines BTel for violations

The National Bank of Hungary (MNB) today said it had fined Business Telecom (BTel) almost HUF 49 mln on charges...

Telco

Danubius Hotels Q1 loss narrows on FX gain

Hungaryʼs Danubius Hotelsʼ first-quarter loss narrowed to HUF 980 mln from the HUF 2.6 bln loss recorded in the same...

Telco

MagNet Bank total assets reach almost HUF 105 bln

Hungaryʼs MagNet Bank closed last year with total assets of HUF 104.8 bln, while total assets rose from HUF 83.9...

Telco

OTP Bank raises capital at Ukrainian subsidiary

OTP Bank on Friday said a capital increase to UAH 3,668,186,135 (€155 mln) from UAH 2,868,190,521 (€121 mln) was registered...

Telco

Insurersʼ premiums revenue up 2% in Q1

Hungarian insurersʼ combined revenue from premiums rose 2% to HUF 247.8 bln in the first quarter of this year as...

Telco

PannErgy posts consolidated net earnings of HUF 118 mln in Q1

Hungarian geothermal-energy company PannErgy had consolidated net earnings of HUF 118 mln in the first quarter of this year in...

Telco

Alteo net earnings more than double in first quarter

Hungarian energy supplier and trader Alteo ended the first quarter of this year with net earnings of HUF 62.549 mln,...

Telco

BUX snaps losing streak

The Budapest Stock Exchangeʼs main BUX index finished up 0.88% at 22,393.01 Friday, after losing 0.88% Thursday. It is up...

Telco

FHB experiences after-tax loss in Q1

FHB Mortgage Bank posted a first-quarter after-tax loss of HUF 3.8 bln last Friday, after reporting a HUF 1.15 bln...

Telco

OTP Q1 net income falls 64% to HUF 2.2 bln

OTP Bankʼs consolidated first-quarter net income fell 64% to HUF 2.2 bln, an earnings report published today reveals. Diluted earnings...

Telco

OTP’s Csányi still richest man in Hungary

Sándor Csányi, the proprietor of agribusiness Bonafarm and director of OTP Bank, still ranks as the richest man in Hungary,...

Telco

Buyers to take over assets of troubled clothing manufacturer Styl

A foreign and a Hungarian strategic investor, along with the local council of Szombathely, in western Hungary, will assume ownership...

Telco

BUX falls further while bond yields rally

The Budapest Stock Exchangeʼs main BUX index finished down 0.88% at 22,196.60 Thursday, after sinking 0.60% Wednesday. It is up...

Telco

CIG Pannonia premiums revenue reaches HUF 4.1 bln

CIG Pannonia saw a year-on-year rise of 10% on its gross revenue in the first quarter from premiums, reaching HUF...

Telco

Raba Q1 profit up following financial gain

Hungarian manufacturer and distributor of automotive components Raba had a first-quarter after-tax profit of HUF 709 mln after reaching the...

Telco

4iG Unit One Macedonia Wins 5G Tender in North Macedonia

One Macedonia has won North Macedonia's 5G frequency tender, parent company 4iG Group said, according to a report by Hungarian...

Telco

Ericsson Launches 6G lab in Budapest R&D Center

Ericsson announced on Wednesday, Nov. 12, the opening of a new 6G Lab at its R&D center in Budapest. The...

Telco

Building a Culture Where Digitalization Comes Naturally

Yettel Hungary’s chief commercial officer, Nemanja Žilović, explains how the company is reshaping its culture to embrace AI responsibly, empower...

Telco

4iG Telco Companies to Wind up Merger in October

Listed ICT company 4iG will wind up the merger under company law of its telco units, DIGI, Antenna Hungaria and...

Telco

Acquisitions Impact Puts 4iG in the Red

4iG booked a first-half loss of HUF 1.1 billion as the impact of acquisitions weighed, the company said in an...

Telco

Yettel Holds Lead as Hungary’s Fastest Mobile Network

Yettel has once again been recognized as Hungary's fastest mobile network, according to Ookla Speedtest Intelligence and szelessav.net nationwide measurements,...

Telco

Telekom Campus Reaches Full Occupancy

Starting from September 2025, an insurance company will occupy approximately 1,000 sqm of office space in the Telekom Campus, developed...

Telco

Magyar Telekom Earnings Climb on Improved Margin, Tax Rollback

Q2 net income of Magyar Telekom rose 29% year-on-year to HUF 56 billion, supported by a wider margin and the...

4iG Group, SpaceX Sign European Deal for Starlink Mobile, Sovereign Solutions

4iG Group and SpaceX have signed agreements to introduce Starlink Mobile services and develop secure sovereign satellite communications solutions in...

Sziget Festival Sets New Mobile Data Traffic Record on Yettel Network

Festival-goers generated nearly 54 terabytes of mobile data traffic on Yettel’s network during this year’s Sziget Festival, setting a new...

4iG, Yettel Owner Seek Network Partnership

Units of 4iG, which owns the One telecommunications brand, and e& PPF Telecom Group, which operates the Yettel brand, have...

4iG Unit One Macedonia Wins 5G Tender in North Macedonia

One Macedonia has won North Macedonia's 5G frequency tender, parent company 4iG Group said, according to a report by Hungarian...

4iG SDT Wins Exclusive Rights to Sell Tatra Military, Special Vehicles in Hungary

4iG SDT has signed an exclusive commercial cooperation agreement with Tatra Trucks a.s., granting the Hungarian company sole representation and...

Ericsson Launches 6G lab in Budapest R&D Center

Ericsson announced on Wednesday, Nov. 12, the opening of a new 6G Lab at its R&D center in Budapest. The...

Building a Culture Where Digitalization Comes Naturally

Yettel Hungary’s chief commercial officer, Nemanja Žilović, explains how the company is reshaping its culture to embrace AI responsibly, empower...

Magyar Telekom Earnings Climb on Improved Margins, Tax Rollback

Q3 net income of Magyar Telekom rose 24% y.o.y. to HUF 55.3 bln, supported by a wider margin and the...

4iG Signs Letter of Intent to Promote Connectivity in Western Balkans

4iG said that it concluded a non-binding letter of intent with the EC and Geant in which they jointly affirmed...

4iG Telco Companies to Wind up Merger in October

Listed ICT company 4iG will wind up the merger under company law of its telco units, DIGI, Antenna Hungaria and...

Watchdog Launches Probe of Language Learning App Duolingo

Hungary's Competition Authority (GVH) on Wednesday announced the launch of a probe of Duolingo, a U.S.-based company with a language...

Acquisitions Impact Puts 4iG in the Red

4iG booked a first-half loss of HUF 1.1 billion as the impact of acquisitions weighed, the company said in an...

Yettel Holds Lead as Hungary’s Fastest Mobile Network

Yettel has once again been recognized as Hungary's fastest mobile network, according to Ookla Speedtest Intelligence and szelessav.net nationwide measurements,...

Telekom Campus Reaches Full Occupancy

Starting from September 2025, an insurance company will occupy approximately 1,000 sqm of office space in the Telekom Campus, developed...

Magyar Telekom Earnings Climb on Improved Margin, Tax Rollback

Q2 net income of Magyar Telekom rose 29% year-on-year to HUF 56 billion, supported by a wider margin and the...