Magyar Telekom, also known as Telekom HU or Matáv, is a privately owned Hungarian telecommunications company founded in 1991. A subsidiary of Deutsche Telekom, it employs approximately 2770 people and is headquartered in Hungary. In 2024, the company reported revenues exceeding $1 billion. Its primary business is providing telecommunications services.
Magyar Telekom released second-quarter results on an unspecified date in 2025, showing revenues of Ft241b and statutory earnings per share of Ft172. This resulted in a 4.6% increase in share price, closing at Ft1818. On September 1, 2025, and September 16, 2025, the company released announcements; the content of these announcements is not specified. In 2025, Magyar Telekom continued to develop its fixed and mobile networks, expanding optical network coverage to 3.9 million gigabit-capable access points nationwide. The Telekom Campus, completed in 2018, remains one of Hungary’s largest office buildings and serves as the company's headquarters.
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Magyar Telekom offers 7 products in the media and telecoms services industry. Magyar Telekom's product portfolio comprises of media and TV services, consumer electronics and telecoms services.
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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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