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Invitel to invest Ft 1 bln in broadband network upgrade

Invitel Rt, Hungary's second biggest landline telco, plans to spend at least Ft 1 billion to develop its broadband internet network, deputy CEO for marketing György Zsembery said on Monday.

Invitel aims to increase its number of broadband subscribers from 62,000 to 80,000 as a result of the investments. Including the clients it gained with the recent purchase of ISP Euroweb Rt, Invitel's number of broadband clients could rise to 100,000. Euroweb has more than 30,000 broadband, mainly ADSL, subscribers, but Invitel aims to double this number by the end of 2006. The two companies together serve about 90,000 dial-up customers.
Zsembery said Invitel's number of ADSL lines increased 12.5% in the first quarter of 2006, beating the market's overall 10.4% rise. At the end of March, there were 440,000 ADSL lines in Hungary.