Privately owned Magyar Telekom, also known as Telekom HU or Matáv, is headquartered in Hungary. Founded in 1991, the company operates with approximately 2,770 employees and reported $2.4B in revenue as of 2024. As a tier 1 media tech buyer, Magyar Telekom functions as a subsidiary of Deutsche Telekom, specializing in telecoms.
Magyar Telekom released its Investor Presentation for March 2026 on March 9. Previously, on March 6, the company's tech tutoring initiative reached approximately 59,000 participants nationally, providing skills in email, social media, internet safety, Google Translate, and AI use, an effort supported by research indicating a correlation between digital engagement in older adults and a lower risk of cognitive impairment. Earlier on the same day, at the 2026 MWC in Barcelona, Magyar Telekom showcased its successful project with Phoenix Pharma, which involved a complete technological overhaul and system integration of the pharmaceutical wholesaler's contact centre, featuring AI products that elevated customer service levels to over 98 percent. This followed news from March 5 that Magyar Telekom, alongside One Hungary and Yettel Hungary, gradually simplified their mobile tariff packages, increasing transparency, according to a National Media and Communications Authority (NMHH) report covering the second half of 2025.
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Magyar Telekom offers 7 products in the media and telecoms services industry. Magyar Telekom's product portfolio comprises of consumer electronics, media and TV services and telecoms.
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Magyar Telekom's revenues were over $1B in 2024. Caretta Research has split Magyar Telekom's revenue into 7 different product categories, the largest of which is mobile services. For full access to Magyar Telekom's revenue breakdown subscribe to Caretta Portal.
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