Telco

Telco

Forint marches on in euro on interbank market

The forint was trading at 305.76 to the euro late Friday on the interbank forex market, up from 306.84 late...

Telco

BUX up in thin trade

The Budapest Stock Exchange's main BUX index finished up 0.74% at 17,339.13 Friday after falling 0.80% Thursday from an almost...

Telco

Property manager to expand regional logistics base for HUF 1.2 bln

Real estate manager Üvegszikla Ingatlankezelő plans to expand its regional logistics base in Szikszó (eastern Hungary) by approximately 6,000 sqm...

Telco

Magyar Telekom CEO: Network integration expected

Magyar Telekom CEO Christopher Mattheisen sees an integration of the information, media and entertainment markets, as well as the integration...

Telco

Zwack profits jump 22% to HUF 2.3 bln

Hungarian Zwack Unicum, the country’s best-known spirits maker, saw a year-on-year 22% increase in after-tax profit of HUF 2.3 bln...

Telco

MNB international reserves rise €3.652 bln in January

International reserves of the National Bank of Hungary (MNB) stood at €38.23 bln at the end of January, up €3.652...

Telco

State-owned MVM NET seeks bidders to develop mobile network

MVM NET, the telecommunications unit of the state-owned Hungarian Electricity Works (MVM), has called a tender to build a nationwide...

Telco

General government deficit reaches HUF 53.8 bln in January

Hungary's cashflow-based general government balance, excluding local councils, came to HUF 53.8 bln in January, the National Economy Ministry said...

Telco

IKEA to extend opening hours because of Sunday closures

Home furnishings retailer IKEA yesterday said it will stay open an hour longer from March to cushion a fall in...

Telco

BUX corrects down on Greece, EU forecast

The Budapest Stock Exchange's main BUX index finished down 0.80% at 17,211.61 Thursday after rising 0.54% Wednesday to an almost...

Telco

MVM sees ‘good chance’ for acquiring peer’s majority

State-owned Hungarian Electricity Works (MVM) has a "good chance" of acquiring a 66% stake in Slovakian peer Slovenske Elektrarne from...

Telco

Hungary’s MOL to raise gas, diesel prices

Hungarian oil and gas company MOL will raise its wholesale vehicle gas and diesel prices by HUF 7 and HUF...

Telco

BUX outperforms on local news

The Budapest Stock Exchange's main BUX index finished up 0.54% at 17,350.83 Wednesday, the highest since December 11, after surging...

Telco

MNB scrutinizes online trading platform providers

The National Bank of Hungary (MNB) on Wednesday said it had ordered extraordinary data provision from 22 investment companies and...

Telco

Competition Office fines six companies HUF 148 mln for cartel activity

Hungary's Competition Office (GVH) on Wednesday said it had fined six companies a combined HUF 148 mln for cartel activity....

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...