Magyar Telekom, also known as Telekom HU and Matáv, is a privately owned subsidiary of Deutsche Telekom, headquartered in Hungary. Founded in 1991, the company employs approximately 2,770 individuals. It reported $2.6B in revenue as of 2025 and is recognized as a tier 1 media tech buyer. The company specializes in telecommunications services.
On August 6, 2026, Magyar Telekom reported a 0.8 percent year-on-year revenue growth, reaching HUF 243.3 billion in the second quarter of 2026. Mobile revenue rose by 1.5 percent to HUF 145.4 billion, and fixed line revenue increased by 1.7 percent to HUF 77.8 billion, though System Integration and IT revenue saw a 6.6 percent decline to HUF 20.1 billion. Previously, on August 5, 2026, the company stated that its business results for the first half and second quarter of the year were characterized by ongoing network expansion, sustained customer growth, and stable financial performance.
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Magyar Telekom offers 7 products in the media and telecoms services industry. Magyar Telekom's product portfolio comprises of telecoms, media and TV services and consumer electronics.
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Magyar Telekom's revenues were over $1B in 2025. 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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