Consolidation in the Hungarian telecom marketplace is gathering momentum, with the latest deal seeing Hungarian Telephone and Cable Corp. (HTCC) acquire Invitel from American International Group and GMT Communication Partners for €470 million. It is now expected that HTCC, which is 63% owned by Denmark’s TDC, will be able to compete more effectively with the incumbent Magyar Telekom’s T-Group. HTCC lists PanTel, a leading provider of infrastructure for cable operators offering VoIP, among its subsidiaries and has around 220,000 domestic subscribers. Invitel is meanwhile a telephony, Internet and data provider and the leading telco in nine of 54 primary service areas. The combined HTCC/Invitel operation is likely to have a market share of around 20%.(CD)
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