Magyar Telekom’s board of directors has approved the extension of the company’s CEO Tibor Rékasi’s contract by a further three years.
The Hungarian incumbent Magyar Telekom has raised HUF70.83 billion (€196 million) in a successful bond auction.
Magyar Telekom ended the third quarter with 1,215,481 TV customers in its home market Hungary.
Gábor Gonda has been appointed the CEO of T-Systems Hungary and a member of Magyar Telekom’s top management, effective November 2.
The Hungarian incumbent Magyar Telekom ended July with an overall share of 32.2% of the country’s pay-TV market.
Zoltán Kaszás will leave T-Systems Hungary and the top management of the Magyar Telekom Group by mutual agreement on September 1.
Magyar Telekom’s commercial 5G service will already be available in 23 settlements by the end of this month.
Magyar Telekom’s revenues in the second quarter amounted to HUF160,754 million (€465.1 million), or 2.2% less than in the same period last year.
The Hungarian incumbent gained 72,750 TV customers in its home market in the 12 months ending March 31.
Magyar Telekom’s general meeting elected Daria Dodonova and Gábor Fekete as members of its Board of Directors until May 31, 2022.