Magenta Telekom, a privately owned telecommunications company founded in 1977 and headquartered in Austria, is Austria's second-largest provider of mobile and fixed-line services. Employing approximately 1100 people, the company generated over $1 billion in revenue in 2023. It is a subsidiary of Deutsche Telekom.
Magenta Telekom announced a revenue increase of 2.5 percent in 2024, reaching EUR 1.50 billion. EBITDA before special items also increased by 3.2 percent to EUR 546 million, while investments in expanding the fiber-optic network rose by ten percent year-on-year to EUR 266 million. On April 1st, Anja Tretbar-Bustorf joined the Magenta Management Board as Chief Corporate Affairs Office, assuming responsibility for wholesale strategy, sustainability, legal, regulatory compliance, and external communications. A design update was also implemented, featuring a redesigned logo centered around the iconic "T," while the brand name remains unchanged. Separately, Deutsche Telekom extended CEO Tim Höttges’ contract until the end of 2028.
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Magenta Telekom offers 2 products in the media and telecoms services industry. Magenta Telekom's product portfolio comprises of pay TV services and telecoms.
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Magenta Telekom's revenues were over $1B in 2023. Caretta Research has split Magenta Telekom's revenue into 2 different product categories, the largest of which is mobile services. For full access to Magenta Telekom's revenue breakdown subscribe to Caretta Portal.
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