The incumbent Hungarian telco Magyar Telekom saw its revenues grow by 9.1% to HUF671.2 billion (€2.54 billion) in 2006, while its net income fell by 2.2% to HUF76.7 billion due to higher depreciation and amortization. Its Internet revenues rose by 27.1% thanks largely to significant growth in the number of broadband connections. Mainly ADSL and cable, these exceeded 570,000 at the end of last year. Deutsche Telekom-backed Magyar Telekom owns T-Kábel, the second largest MSO in Hungary, and also launched an IPTV service in November last year.(CD)
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