Hungarian Telephone and Cable Corporation Rt (HTCC) had revenue from telephone services worth $110.2 million in 2005, 83% more than in 2004, CEO Torben V. Holm announced on Tuesday.
HTCC had EBITDA of $50.6 million in 2005, 62% more than in 2004. HTCC mainly operates in Hungary. Its local units include Hungarotel Rt, PanTel Rt, and PanTel TechnoCom Kft, to which Hungarian oil and gas company Mol Rt has outsourced its telecommunication services. Through PanTel, HTCC also owns 90% of a unit in Romania and 100% of units in Slovenia, Slovakia, Austria, Serbia and Bulgaria.
Denmark's TDC owns 63% of HTCC, and the rest is held by small investors. HTCC's shares are traded on the AMEX.