Magyar Telekom sees increase in TV revenues

By FNE Staff
    Despite a 6.4% decline in Q1 revenues, Hungary's Magyar Telekom (www.telekom.hu) saw growth in it mobile internet and TV market.

    "During recent months, not only did we maintain our leading core market positions, but we were able to increase our share of the mobile internet and TV market. Thanks to our attractive satellite TV and IPTV offerings, Magyar Telekom is now the second biggest pay-TV operator in Hungary. Going forward, our aim is to become the leader in this market," Christopher Mattheisen, Chairman and CEO said.

    Q1 revenues came in at HUF 147 billion and net profit was HUF 16 billion. TV revenues were up 20% year-on-year due to increases in IPTV and satellite TV services.