- CEO
- Tibor Rékasi
- Full Time Employees
- 6,704
- Sector
- Communication Services
- Industry
- Telecommunications Services
- Address
- KOenyves KAlmAn kOerUt 36 Budapest Hungary 1097
- IPO Date
- Nov 14, 1997
- Business
- Magyar Telekom Távközlési Nyilvánosan Működő Részvénytársaság (Magyar Telekom) operates as Hungary's leading telecommunications service provider, offering a comprehensive portfolio of fixed-line and mobile telecommunications services; broadband internet access including ADSL, VDSL, fiber-to-the-home, and gigabit-speed connectivity; digital television and IPTV with on-demand content; data transmission and non-voice services such as messaging and IoT solutions; IT and system integration services encompassing cloud computing, data centers, cybersecurity, and digital workplace tools; and mobile plans under the T-Mobile brand supporting 4G LTE, 5G voice, roaming, eSIM, and MultiSIM functionalities. The company serves residential customers, small and medium-sized enterprises, and large corporate clients with unified Telekom-branded offerings; provides wired services like VoIP, Wi-Fi systems, and network development; and delivers security solutions, instant office services, top-up cards, accessories, and insurance products. Founded in 1991 and headquartered in Budapest at Könyves Kálmán krt. 36, Magyar Telekom functions as a subsidiary of Deutsche Telekom Europe B.V., with primary operations in Hungary and a majority stake in Makedonski Telekom in North Macedonia. In recent developments, the company advanced its gigabit network rollout and refreshed its fixed portfolio in September 2025 to enhance customer flexibility with add-on services; increased capital expenditures by 18.2% to HUF 82.5 billion in the first nine months of 2025 for fixed and mobile network investments, including 5G expansion; deconsolidated its ViDaNet fixed-line subsidiary while achieving 2% service revenue growth and 13.5% EBITDA AL increase in Q3 2025; secured rural fiber funding alongside 4iG; and extended frequency rights while launching commercial 5G services across multiple Hungarian cities.