MTel to focus on network developments

Telco

Magyar Telekom, the Hungarian subsidiary of German telco giant Deutsche Telekom, expressed commitment to focus on network developments this year in both its mobile and fixed line networks in order to boost customer satisfaction, CFO János Szabó said today.

The CFO added that MTel expects to spend about HUF 105 bln on investments this year, according to guidance in the earnings report published late yesterday. Last year, CAPEX came to HUF 86.8 bln. MTelʼs net income fell by 48% to HUF 2.5 bln in Q1 as compared to the same period a year earlier, given higher financial losses, depreciation and amortization.

With the acceleration of next-generation network developments, MTel aims to raise the number of households with access to the high-speed fixed line network by 440,000 to 2.2 million, Szabó said, adding that coverage of MTelʼs 4G/LTE mobile network is set to rise from 84% to 97% this year.

Ákos Kara said in the Hungarian Parliament on Monday that should internet service providers build new networks or upgrade existing ones, the Hungarian government would consider a reduction or even exemption of the utilities tax.

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