Deutsche Telekom CEO Timotheus Höttges has said that its subsidiary Magyar Telekom remains committed to digital development in Hungary and will continue to play an important role in building up-to-date mobile and landline infrastructure.
Magyar Telekom’s TV revenues rose by 6.4% year-on-year to HUF12.2 billion (€38.4 million) in Q4 2018 thanks to the growing IPTV subscribers base in the two countries it operates in.
Viasat World’s premium channel Epic Drama is now available on both the Magyar Telekom and Vidanet platforms in Hungary.
The Hungarian regulator NMHH has imposed a fine of HUF51.5 million (€160,000) on Magyar Telekom and its CEO for unlawful procedures related to the company’s switch from analogue to digital broadcasting.
Hungary has become the second country in Central and Eastern Europe to launch a Paramount-branded SVOD service.
Anete Schaefer, VP business Europe, Deutsche Telekom, has said she doubts the Hungarian incumbent Magyar Telekom will be sold.
Deutsche Telekom has reportedly received a bid of €2 billion for Magyar Telekom.
The Hungarian incumbent saw a 4.9% increase in TV customers in its home market in the year to September 30.
Balazs Mathe, Magyar Telekom’s chief legal and corporate affairs officer and member of its management committee, will leave the company with mutual agreement at the end of the year.
The Hungarian regulator NMHH has fined Magyar Telekom and its CEO a total of HUF61.5 million (€190,200) for failing to fully comply with a decision it made in 2015.