Telco

Telco

OTT-ONE revenue climbs 68% in 2019

Revenue of IT company OTT-ONE rose 68% to HUF 2.86 billion last year, state news wire MTI reports, citing a...

Telco

MOL and OTP lift BUX, forint strengthens

The Budapest Stock Exchangeʼs main BUX index finished Friday up 4.97% at 30,959.94, lifted by big advances by oil and...

Telco

BUX struggles to climb, forint weakens

The Budapest Stock Exchangeʼs main BUX index finished up 0.1 % at 29,494.19 Thursday after losing 6.54% on Wednesday, while...

Telco

UPC Direct announces decoded weeks

UPC Direct has announced a nearly three-week decoded period after the addition of Epic Drama HD to their channel lineup,...

Telco

BUX falls, forint hits new negative record

The Budapest Stock Exchangeʼs main BUX index finished down 6.54% at 29,464.28 on Wednesday as markets continue to be dominated...

Telco

BUX down 5.5%, forint hits new low against euro

The Budapest Stock Exchangeʼs main BUX index finished down 5.51% at 32,304.48 Monday, paring losses after dropping more than 12%...

Telco

BUX dives with peers on pandemic fears

The Budapest Stock Exchangeʼs main BUX index was down 9.47% at 30,950.05 at noon on Monday, plunging on concerns over...

Telco

BUX takes a pummeling in the morning

The Budapest Stock Exchangeʼs main BUX index was down 7.45% at 33,814.08 at noon on Thursday, state news wire MTI...

Telco

EIB backs Polish wind farm with EUR 60 mln loan

The European Investment Bank (EIB) says it has signed a EUR 60 million (USD 67.9 mln) agreement with Lithuanian Ignitis...

Telco

Banking sector profits reach HUF 698 bln in 2019

Combined after-tax profit of Hungaryʼs banking sector rose 8.5% to HUF 698 billion last year, state news wire MTI reports,...

Telco

Gen govʼt deficit reaches 69.37% of full-year target in Feb

Hungaryʼs cash flow-based general government, excluding local councils, ran a HUF 254.6 billion deficit at the end of February, reaching...

Telco

Hungary seeks higher postal services subsidy threshold

Hungary will ask the European Commission to raise the subsidy threshold for state-owned postal company Magyar Posta to allow it...

Telco

Expanding balance sheet boosts OTP earnings

Consolidated fourth-quarter after-tax profit of OTP Bank, Hungaryʼs biggest commercial lender, rose 32% year-on-year to HUF 103 billion, lifted by...

Telco

Outlays, impact of weak forint lift corporate lending stock in January

Corporate lending stock of Hungarian banks rose in January from the previous month, lifted by net outlays and the impact...

Telco

CJEU rules Hungary sectoral taxes compatible with EU rules

The Court of Justice of the European Union (CJEU) on Tuesday ruled that progressive, turnover-based taxes on retailers and telcos...

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...