The Hungarian incumbent Magyar Telekom will raise its fees by an inflation-linked 14.5% on March 1.
In a statement, the company said that the move is “necessitated by the drastic increase in energy prices and supplier costs”. It added that its customers first learnt about the upcoming price increase in an invoice supplement sent out in July 2022. This provision was included in the General Terms and Conditions with effect from September 1, 2022, according to which the monthly subscription fees are based on the annual average consumer of the previous business year published by the Central Statistical Office.
Magyar Telekom went on to say that its goal is to “provide its customers with the best services even in the changing economic and market environment, and in order to ensure this, it continuously develops its fixed and mobile networks”.
It added: “thanks to the intensive network development of recent years, Telekom’s optical and cable network now offers services on a gigabit network to more than 3.4 million homes and businesses, i.e. the maximum download speed of the offered service is gigabit at 75% of the points it covers. In the past six years, Magyar Telekom has spent more than HUF300 billion on the infrastructure development of its mobile and landline networks in Hungary”.