Hungarian Telephone and Cable Corp. (HTCC) has posted revenues of $385.2 million (€253.5 million) for 2007, up 103% on the previous year. Its gross margin rose by 120% to $200.6 million and income by 58% to $46.2 million, while pro-forma adjusted EBITDA was 17% higher at $190.5 million. HTCC became a much more significant player in the Hungarian broadband market in 2007 following its acquisition of Invitel, starting the year with around 10,000 subscribers and ending it with 122,000.
