Telco

Telco

Masterplast Q1 profit rises on financial gain

Hungarian building materials manufacturer Masterplast had first-quarter after-tax profit of €900,000, improving from a net loss of €630,000 in the...

Telco

MOL calculates dividend as HUF 485.5 per share

Hungarian oil and gas company MOL yesterday said a dividend it will pay stakeholders on last yearʼs earnings amounts to...

Telco

BUX falls further despite strong GDP growth data

The Budapest Stock Exchangeʼs main BUX index finished down 0.60% at 22,393.97 Wednesday, after sinking 0.82% Tuesday. It is up...

Telco

Government submits 2016 budget bill

National Economy Minister Mihály Varga ceremoniously submitted the 2016 budget bill to House Speaker László Kövér in parliament today, Hungarian...

Telco

MTel to focus on network developments

Magyar Telekom, the Hungarian subsidiary of German telco giant Deutsche Telekom, expressed commitment to focus on network developments this year...

Telco

CETA to strengthen trade ties between Canada, Hungary

The Comprehensive Economic and Trade Agreement (CETA) between the European Union and Canada is expected to strengthen trade ties between...

Telco

MNB fines Nyúl savings cooperative HUF 1.5 mln

The National Bank of Hungary (MNB) fined Nyúl és Vidéke Takarékszövetkezet, a savings cooperative in Győr, HUF 1.5 mln on...

Telco

MTel Q1 profit down one-third on financial losses, depreciation and amortization

Magyar Telekomʼs first-quarter after-tax profit fell 33% to HUF 3.3 bln as higher financial losses, depreciation and amortization weighed on...

Telco

Vértesi Erdő, Tatabánya Erőmű sign HUF 1.5 bln biofuel contract

Hungarian forestry company Vértesi Erdő yesterday signed a contract for an initial HUF 1.5 bln to supply woodchips to heating...

Telco

Masterplast owners to offer shares for auction

Dávid Tibor and Balázs Ács, the two main owners of Hungarian stake in the building materials manufacturer Masterplast, are planning...

Telco

BUX falls, but outperforms European peers

The Budapest Stock Exchangeʼs main BUX index finished down 0.82% at 22,529.13 Tuesday, after sinking 0.13% Monday. It is up...

Telco

Volunteer pension fund assets climbed 11% last year

Assets of Hungarian voluntary pension funds saw a rise of approximately 11%, reaching HUF 1.009 trillion last year, Hungarian daily...

Telco

Hotel investments relaunched in Siófok

Hungarian investors Könyvelőház and Rebamey Holding resumed two hotel investments yesterday, which were interrupted years earlier in Siófok, near Lake...

Telco

MNB external assets rose on EU transfers in April

The average stock of external assets and liabilities rose modestly in April while the higher average stock of two-week deposits...

Telco

BUX ends slightly under the waterline

The Budapest Stock Exchangeʼs main BUX index finished down 0.13% at 22,714.49 Monday, after rising 0.05% Friday. It is up...

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...