Telco

Telco

MagNet Bank buys factoring company

MagNet Bank said yesterday it bought factoring company CE Faktor Zrt. The parties did not reveal the price of the...

Telco

Investment funds assets edge down to HUF 5.591 trillion in March

Assets in investment funds managed by members of the Association of Hungarian Investment Fund and Asset Management Companies (BAMOSZ) fell...

Telco

BUX down after good start

The Budapest Stock Exchangeʼs main BUX index finished down 0.80% at 21,900.53 Thursday after rising 0.47% Wednesday. Still in viewing...

Telco

MOL shareholders approve HUF 50 bln dividend

Shareholders of Hungarian oil and gas company MOL approved payment of a HUF 50 bln dividend on last yearʼs earnings...

Telco

MTel to receive HUF 6 bln in dividends from Macedonian unit

Magyar Telekom (MTel), the Hungarian subsidiary of German telecom giant Deutsche Telekom, expects to receive dividends of more than HUF...

Telco

MTel shareholders put earnings into profit reserves rather than pay dividend

Shareholders of Magyar Telekom (MTel), the Hungarian subsidiary of German telecom giant Deutsche Telekom, approved a proposal at an annual...

Telco

Herendi pays 10% dividend on HUF 768 mln profit in 2014

Hungarian porcelain maker Herendi saw its pre-tax profit rising to HUF 768 mln last year, making it able to pay...

Telco

BUX rises cautiously

The Budapest Stock Exchangeʼs main BUX index finished up 0.47% at 22,077.64 Wednesday after falling 1.15% Tuesday but stopped short...

Telco

Fund managers place HUF 75 bln of JEREMIE funding by end-2014

By the end of last year, fund managers had placed HUF 75 bln of the HUF 130 bln of funding...

Telco

BUX falls in profit taking

The Budapest Stock Exchangeʼs main BUX index finished down 1.15% at 21,975.22 Tuesday after soaring 5.09% Monday to another nearly...

Telco

Changes to 2015 budget pose no risk to deficit target

This yearʼs deficit target can still be achieved in spite of planned changes to the budget, the National Economy Ministry...

Telco

Varga Cellars sees one-third revenue hike

Hungarian winemaker Varga Cellars saw a rise of HUF 4.8 bln in its consolidated revenue, the winemaker’s owner Bálint Varga...

Telco

German fan manufacturer to invest €4.5 mln at Hungary unit

Papst Hungary, a unit of German fan manufacturer EBM-Papst is to increase capacity through investment of €4.5 mln in Vecsés,...

Telco

Government could allow more companies to file simplified annual reports

The government could change accounting regulations to allow nearly all Hungarian companies to file simplified annual reports, draft legislation posted...

Telco

MOL to lower vehicle gas prices

Hungarian oil and gas company MOL will lower its wholesale vehicle gas price by HUF 2 per liter from tomorrow,...

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...