Telco

Telco

Magyar Telekom to continue network developments

Magyar Telekom will reach 2.7 million households with its high-bandwidth internet service by the end of this year and will...

Telco

Spar Hungary eyes HUF 23 bln network development

The Hungarian arm of international food retail network Spar is planning to invest a total of HUF 23 billion on...

Telco

MTel Q3 profit rises as revenue drops slightly

Magyar Telekomʼs third-quarter net income was up 28.8% at HUF 13.64 bln from the corresponding period of 2015, an earnings...

Telco

Govʼt recapitalizes SZTA fund, sets up more funds

Hungaryʼs government has decided to recapitalize the Széchenyi Capital Investment Fund (SZTA), a venture capital fund established by the state...

Telco

Alteo shares go for a little over IPO price on first trading day

Shares of Hungarian energy supplier and trader Alteo traded at a little over their IPO price about an hour into...

Telco

JV set up for Budapest-Belgrade railway upgrade

Hungarian state-owned railway company MÁV, the China Railway International Corporation and China Railway International Group have set up a joint...

Telco

Budapest-Belgrade rail link may cost HUF 700 bln, reports say

The total cost of an upgraded Budapest-Belgrade railway link could reach up to HUF 700 billion, according to calculations by...

Telco

MTel to raise payroll HUF 2.4 bln, after union talks

After reaching an agreement with workersʼ unions yesterday, Magyar Telekom announced it will increase payroll costs by approximately HUF 2.4...

Telco

Zwack controls operating costs, profits climb

After-tax profit of Zwack Unicum, Hungaryʼs most famous spirits maker, rose 42% to HUF 1.0 bln in the first half...

Telco

MOL Q3 profit drops 24% on higher tax payments

Hungarian oil and gas company MOLʼs third-quarter net income fell 24% year-on-year to HUF 68.8 billion as higher tax payments...

Telco

Gov’t raises healthcare funding to HUF 982.4 bln

To meet the year-end financing needs in the sector, the Hungarian government has decided to raise this year’s healthcare appropriations...

Telco

Richter Q3 profit doubles as financial loss falls

Hungarian drugmaker Gedeon Richterʼs third-quarter net income rose 99% year-on-year to HUF 13.6 bln as financial losses narrowed, an earnings...

Telco

Hungarian leasing outlays reach HUF 360 bln in Q1-Q3

Hungaryʼs leasing companies provided clients with financing of HUF 360 bln in Q1-Q3, up 19% from the corresponding period of...

Telco

Retail lending stock of banks up in September

The retail lending stock of Hungarian banks rose in September from the previous month, fresh data from the National Bank...

Telco

Hungarian banksʼ corporate lending stock up in September

The corporate lending stock of Hungarian banks rose in September from the previous month as companies were net borrowers while...

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...