Magyar Telekom

Magyar Telekom Nyrt., formerly known as Matáv (Magyar Távközlési Rt.), is a prominent telecommunications service provider in Hungary. It operates as a subsidiary of Deutsche Telekom, one of the world's leading telecommunications companies. Magyar Telekom offers a comprehensive range of telecommunications and information communication (ICT) services to various customer segments, including individuals, small and medium-sized enterprises, and large corporations. These services encompass landline and mobile phone connectivity, data transfer, non-voice communication, as well as IT and system integration services, all marketed under the Telekom brand.

The company plays an integral role in the daily lives of its customers, delivering essential services such as telephone, internet, television, and IT solutions. Magyar Telekom is known for its high-quality, dependable, and extensive service offerings that cover various aspects of modern communication and technology.

Magyar Telekom Nyrt. is the sole owner of Telekom Regszerintegració Zrt. and holds a majority stake in Makedonski Telekom, a leading integrated service provider in North Macedonia.

The company's history traces back to December 1989 when it was established as Magyar Távközlési Vállalat (Hungarian Telecommunications Enterprise) following the split of Magyar Posta (Hungarian Post) into three separate entities. It became a public limited company, Magyar Távközlési Rt., on December 31, 1991. Privatization became possible after the Telecommunications Act came into effect on July 1, 1993. Initially, Magyar Telekom remained entirely state-owned, but a consortium called MagyarCom, consisting of Deutsche Telekom and Ameritech, acquired a 30.1% stake in the company for US$875 million, marking a significant turning point in its ownership structure.

Magyar Telekom, formerly known as Matáv, has a rich history in the telecommunications industry in Hungary. It was founded on December 31, 1989, as the Hungarian Telecommunications Company (Matáv) after being separated from the Hungarian Post service area. Initially, it was wholly owned by the state until the Telecommunications Act came into effect on July 1, 1993, allowing for privatization.

In 1993, a consortium called MagyarCom was formed, comprising Deutsche Telekom and Ameritech, which acquired a 30.1% ownership stake in Matáv for $875 million. This marked a significant turning point in the company's ownership structure and was the largest privatization in Central and Eastern Europe at the time.

In 1997, Matáv shares began trading in Budapest and New York City, making it the first Central European company to be listed on the New York Stock Exchange. By this time, Deutsche Telekom's ownership had increased to 59.52%, with the remaining shares held by the public and Hungary retaining a golden share.

The company embarked on international expansion, acquiring a majority stake in Macedonia's national telecommunications company, Makedonski Telekomunikacii, and later acquiring the remaining 50% stake in Emitel Rt.

In 2004, the company rebranded itself as Magyar Telekom, retiring the Westel name and adopting the global T-Mobile brand in March 2004. The restructuring continued, and in 2005, Magyar Telekom purchased Bulgaria's telecommunications provider, Orbitel.

Further changes occurred in 2006, when T-Mobile Magyarország Rt. and Magyar Telekom Rt. ceased to exist, and Magyar Telekom Távközlési Nyilvánosan M?köd? Részvénytársaság took over their role.

In 2007, the company integrated various subsidiaries and introduced a new management structure focused on customer segments.

The year 2008 saw simplification of the T-Systems business unit's organization and the merger of iWiW and Adnetwork Online Marketing into Origo.

In 2009, cable TV subsidiaries T-Kabel Hungary and Del-Vonal merged into Magyar Telekom, and the company withdrew from the New York Stock Exchange.

In 2012, Magyar Telekom launched Hungary's first 4G/LTE-based mobile Internet service, expanding its coverage significantly.

Subsequent years saw continued network development, the launch of 5G services, changes in executive leadership, and a focus on digital development and customer service excellence.

In 2023, Magyar Telekom expanded its services to provide IT and telecommunications solutions from a single source for medium and large companies, further strengthening its position in the market.

Magyar Telekom's mission is to provide comprehensive telecommunications and information communication (ICT) services to its customers in Hungary. The company is dedicated to delivering high-quality, reliable, and innovative solutions in areas such as landline and mobile phone services, data transfer, non-voice communication, and IT integration. Magyar Telekom aims to connect individuals, small businesses, and large corporations with essential communication and technology services, ensuring that they stay connected and thrive in an increasingly digital world.
 

Magyar Telekom's vision is to be a leading telecommunications and ICT provider in Hungary, continuously driving innovation and connectivity for its customers. The company aspires to be at the forefront of technological advancements, offering cutting-edge solutions that enhance people's lives and empower businesses to succeed in the digital age. Magyar Telekom aims to be a trusted partner in bridging the gap between individuals, enterprises, and the digital world, facilitating communication, information sharing, and technological growth for a brighter and more connected future.

Magyar Telekom offers a diverse range of products and services in the telecommunications and information communication (ICT) sector. These include:

Telephony Services: Magyar Telekom provides landline and mobile phone services, offering a variety of plans and packages to meet the communication needs of individuals and businesses.

Internet Services: The company offers high-speed internet connectivity, including broadband and fiber-optic services, enabling fast and reliable internet access for homes and businesses.

Television Services: Magyar Telekom provides television services, including digital TV and IPTV, with a wide range of channels and on-demand content.

Data Services: The company offers data transfer solutions, including mobile data and fixed-line data services, catering to both personal and business data communication needs.

Non-Voice Communication: Magyar Telekom provides non-voice communication services such as messaging, email, and data-driven applications, supporting both traditional and modern communication methods.

IT Services: The company offers IT solutions and system integration services to businesses, helping them streamline their operations, enhance efficiency, and stay competitive in the digital landscape.