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Magyar Telekom Nyrt.
Company typePublic limited company
BPSE: MTELEKOM
BUX Component
CETOP20 Component
IndustryTelecommunication
Founded1991
Headquarters
Budapest
,
Hungary
Area served
Central and Eastern Europe
Key people
Rékasi Tibor (CEO)
ProductsFixed Telephony, Mobile Telephony, Broadband Internet, IT Services, Networking Solutions, Digital TV
RevenueHUF 700,120 million (2021)[1]
HUF 92,809 million (2021)[1]
HUF 58,997 million (2021)[1]
Total assetsHUF 1,400,671 million (2021)[1]
Total equityHUF 692,975 million (2021)[1]
Number of employees
6,786 (2021)[1]
ParentDeutsche Telekom (61.39% of shares)
SubsidiariesMakedonski Telekom
T-Systems Magyarország
Websitewww.telekom.hu
Headquarters of Magyar Telekom in Budapest
Dr. Robert Hauber, Chairperson of Magyar Telekom's Board since April 2017
Tibor Rékasi, Magyar Telekom's Chief Executive Officer

Magyar Telekom Nyrt. (officially Magyar Telekom Távközlési Nyilvánosan Működő Részvénytársaság, Magyar Telekom Telecommunications Public Limited Company[2] lit. 'Hungarian Telecom Telecommunications Public Limited Company') is the leading Hungarian telecommunications service provider company. It is a subsidiary of Deutsche Telekom.[3]

Until 6 May 2005, it was known as Matáv (Magyar Távközlési Rt. – Hungarian Telecommunications PLC). The company was formed under the name of Magyar Távközlési Vállalat (Hungarian Telecommunications Enterprise) in December 1989, when Magyar Posta (Hungarian Post) was split into three separate enterprises. On 31 December 1991, the company was re-structured as a public limited company as Magyar Távközlési Rt., and the company remained in 100% state ownership until the end of 1993. On 1 July 1993, the Telecommunications Act came into effect, making it possible to privatize the company. A consortium was formed between Deutsche Telekom and Ameritech, which was named MagyarCom, and bought into the company a share of 30.1% for a price of US$875 million.

History

Early years

On 31 December 1989, after becoming one of the three sections of the Hungarian Post service area, the Hungarian Telecommunications Company (Matáv) was founded on 31 December 1991 as telecommunications operator Magyar Telecom Rt. The company was wholly owned by the state until the end of 1993, when the Telecommunications Act, classified as a service concession to the public telephone, mobile telephone, paging and public service, came into effect 1 July 1993. A contract ended on 22 December, and Matáv became the owner of 30.1% of Deutsche Telekom and Ameritech International telecommunications companies, MagyarCom Consortium.[4] During the privatization process MagyarCom acquired a majority stake under the contract signed on 22 December 1995. The effect of the two companies forming a consortium of $852 million to 67.3% was Central and Eastern Europe's largest privatization, and also the largest foreign investment in Hungary.[5]

Deutsche Telekom's majority

On 14 November 1997, the trading of Matáv shares began in Budapest and New York City, placing 26.31% of the shares on the market, which was the largest share subscription ever held in Hungary, making Matáv the first Central European company to be listed on the New York Stock Exchange. In the summer of 1999, ÁPV Rt. (Hungary's State Privatization Property Agency) sold the last package of shares of Hungary's 5.75%, but still held the golden share.[6]

On 3 July 2000, Deutsche Telekom acquired SBC's 50% stake in MagyarCom in compliance of their shareholder agreement. As a result of the change in the ownership structure of MagyarCom, Deutsche Telekom's ownership in Matáv increased to 59.52%, the remaining 40.48% public shareholding, while the golden share was owned by Hungary.[6]

Internationalization

Since 2001, it was possible for Matáv to become an international telecommunications group. The consortium led by Matáv acquired a majority stake in Macedonia's national telecommunications company Makedonski Telekomunikacii (MakTel), which became a consolidated subsidiary of the group.[6] As a further step, Matáv acquired the remaining 50% stake in Emitel Rt.

The group's companies took leading positions in the mobile phone, internet and business data communications markets, with a share of over 80% in the fixed phone market.[7]

A new governance structure of the group was adopted at the end of 2001.[6]

Rebranding

In 2002, the Matáv Group obtained group-level certification in accordance with ISO 9001:2000, certified by SGS S.A.[6]

Matáv also wanted to lead telecommunications and Internet services in Hungary, as evidenced by the 100,000th ADSL subscription acquired in December 2003. In mobile telephones, number portability was a minor difficulty, but the Westel division of the group solved the problem in 2004.[6]

In March 2004, the group decided to replace the Westel name, which had existed since 1989, and joined the global T-Mobile brand on 1 May 2004. Subsequently, the Matáv Group decided to consolidate and merge, subordinating the structure of the group of companies on 1 January 2005, and then on 6 May all its services and operational organizations under central management and the group of companies. It changed its company name, and from that date, the Magyar Telekom Group operated as a group of "T" brand names.[8]

On 8 November 2005, Magyar Telekom agreed to purchase Orbitel (Bulgaria's telecommunications provider), a transaction that ended on 3 February 2006.[9]

The merge caused T-Mobile Magyarország Rt. and Magyar Telekom Rt. to stop existing,[10] and András Sugár, CEO of T-Mobile, resigned. At the same time, Magyar Telekom Távközlési Nyilvánosan Működő Részvénytársaság took over their role from 1 March 2006.[6]

2007

According to the decision of Magyar Telekom’s Board of Directors as approved by the Company’s General Meeting, T-Online Hungary’s Internet access area and the regional fixed line subsidiary Emitel were integrated within Magyar Telekom as of October 1, 2007. T-Online Hungary’s web and content services business area continued to operate under the name Origo Media and Communications as a Magyar Telekom Group subsidiary.[11]

On September 25, 2007 Magyar Telekom’s Board of Directors took a decision to change the management and organization structure of the Company, in order to raise the standard of services, improve cost efficiency and exploit new, innovative service and  business opportunities. The decision to change the organization model shifted the focus from technology to the demands of customer segments. Consequently, the new management structure of Magyar Telekom determines the operating model of the Group on the basis of customer segments. The new management structure, developed in order to reach the strategic objectives and based on customer segments, was implemented on January 1, 2008.[12]

2008

From January 2008 the organization of T-Systems business unit[clarification needed] was simplified through integration of subsidiaries in an effort to provide better service to customers and increase efficiency. The number of T-Systems subsidiaries was reduced from six to two, while retaining the flexibility and customer focus.[12]

As part of Magyar Telekom’s integration processes, with effect June 30, 2008, iWiW and Adnetwork Online Marketing merged into Origo. iWiW is the most popular social site of Hungarian language Internet.[13]

Following the Board of Directors decision in June 2008, Magyar Telekom introduced the T-Home brand in September, which replaced the  T-Com, T-Online and T-Kábel brands and has become the single brand representing fixed line communications and entertainment services at home. The corporate “T” brand has been renewed simultaneously, and it functions as an umbrella brand for the brands offered by T-Home, T-Mobile and the T-Systems. Magyar Telekom’s new slogan “Life is for sharing” was also introduced and is used both by T-Home and T-Mobile. The rebranding has created a simpler brand structure, easier to identify for customers. Along with the introduction of T-Home brand, we also repositioned Magyar Telekom as Hungary’s only “double triple-play” provider, which, through T-Home and T-Mobile, offers Internet, television and telephone services on the fixed line and mobile networks alike, at home and on the move.[14]

2009

According to the decision of Magyar Telekom’s Board of Directors as approved by the Company’s extraordinary General Meeting on June 29, 2009, the merger of Cable TV subsidiaries T-Kabel Hungary and Del-Vonal into Magyar Telekom was completed on September 30, 2009..[15]

2010

In April 2010 the Board of Directors made changes effective July 1 to the management structure of the company to improve its efficiency in responding to changing market and economic conditions.[16]

Leaving the New York Stock Exchange

Magyar Telekom withdrew from the New York Stock Exchange on 12 November 2010 to simplify the structure of financial reporting and reduce administrative costs.[17][18]

2012

4G technology in Hungary

On 1 January 2012, Telekom was the first telecommunications company in Hungary to launch its 4G/LTE-based mobile Internet service, which provided full outdoor 4G coverage of Budapest and 4G mobile internet to almost 27% of the country's population.[19][20][21]

At its meeting held in June, Magyar Telekom’s Board of Directors approved the mid- and long-term strategic direction of the company’s operations. One of the first steps is the establishment of a new management structure. The changes, started from January 2013, will enable Magyar Telekom to exploit the new, innovative service and business opportunities by responding more flexibly to changes in customer demand and to market challenges. The company’s new organizational structure is also designed to enable Magyar Telekom to serve its customers in a high-quality, state-of-the-artand efficient way. In this framework the executive positions Chief Commercial Officer Residential and Chief Commercial Officer SMB have been created to head the management areas in charge of serving the respective customer segments.[22]

In October, Magyar Telekom won the Excellence in Customer Service Award in the personal service category and it has come out first in the sales category of call center activities in the Top 10 Call Center competition. Telekom also won the Best HungarianEmployer and the Best Central Eastern European Employer title for the second time in the large enterprise category.[23]

On October 1, 2012 T-Systems Hungary Zrt. began operations as the country’s sole service provider with a full-scale infocommunication technology (ICT) product portfolio. A 100%-owned subsidiary of Magyar Telekom, the company was brought to life through the merger of four long-established industry stakeholders in the Hungarian market: IQSYS, Dataplex and ISH merged into T-Systems Hungary on 30 September 2012 with Daten-Kontor having followed suit as of April 2013. T-Systems Hungary provides large corporations and the public administration and institutions comprehensive telecommunications and IT infrastructure and application development as well as systems integration services.[24]

2013

In September, Magyar Telekom’s frequency usage rights in the 1800 MHz and in the 900 MHz frequency band have been extended until 2022 by way of an amendment to authority contract with the President of the National Media and Infocommunications Authority. For Magyar Telekom, the amendment has secured the foundations for providing high quality mobile services in the future.[25]

Magyar Telekom won the Excellence in Customer Service Award of 2013 in the telephone customer service (call center) enterprise category in October. With this Telekom proved to be Hungary’s best in call center services among enterprises.[26]

Magyar Telekom acquired nine cable networks in Hungary during 2013.[27]

2014

The Government of Hungary and Magyar Telekom signed a partnership agreement in February. The Government and the market-leading telecom group have established a long-term cooperation for the country’s digital development. The goal is to estabish a Digital Hungary, through providing broadband Internet for all, promoting digital literacy and increasing the competitiveness of businesses.[28]

2015

Magyar Telekom and Telenor Hungary entered into a cooperation agreement for the joint development and operation of their 4G networks. The main goal of the agreement is to provide 4G coverage and 4G mobile Internet for customers in rural areas as early as possible. As a result Telekom increased its nationwide residential 4G coverage to 97% i.e. almost complete by the end of 2015.[29]

Magyar Telekom acquired 100% stake in the alternative ICT provider GTS Hungary from Deutsche Telekom. With the transaction completed in April Magyar Telekom has further strengthened its positions in the business services market.[30]

Magyar Telekom and MET signed an agreement in March to establish an equally shared joint venture that provides gas and electricity services for business customers. E2 Hungary will enter the market of business energy services with favourable terms and competitive offers on January 1, 2016. As of this date, Magyar Telekom’s B2B energy service operations were transferred to the new company.[31]

Magyar Telekom has signed in May an agreement to build the company's new headquarters and take a long-term lease on it. According to plans the company will relocate in the second half of 2018 to its new operating center to be built in the spirit of sustainability, which will meet the 21 st century requirements. The construction works are to begin in the first quarter of 2016.[32]

Magyar Telekom signed an agreement in December to sell its 100% shareholding in Origo Zrt. to New Wave Media Kft. The transaction is in line with Magyar Telekom’s increased strategic focus on its core business and on further strengthening its free cash flow generation.[33]

In 2015 Telekom’s fixed line broadband internet service became available to further 440,000 households. As a result of developments Telekom’s high speed internet coverage increased to more than 2.2 million homes, and in line with Telekom’s goals, the broadband service coverage of rural regions improved significantly.[34]

2016

In February Magyar Telekom's Board of Directors decided to renew the mandate of Christopher Mattheisen as CEO until 31 May 2019.[35]

Magyar Telekom became the named sponsor of the Veszprém handball team. According to the agreement from the 2016/2017 championship season the teams of the Veszprém Handball Team Zrt., from the U10 age group to the adult team, will be called as Telekom Veszprém Handball Team in all domestic and international championships.[36]

As a result of the first and second rounds (Western and Eastern Hungary) of the tender for the national development of digital networks, Magyar Telekom and its consolidated subsidiaries were granted 12.2 billion HUF EU funds at group level for the development of fixed networks enabling speed of at least at 30 Mbps in 46 districts.[37]

On November 15, the foundation stone of the new Magyar Telekom headquarters, owned and built by WING Zrt. and as the company's investment, was laid in a ceremony at Könyves Kálmán körút in Budapest.[38]

The outdoor residential coverage of Telekom's 4G network increases to 98% by the end of the year while the indoor coverage is at 87.2%. The 4G+ service, with a theoretical speed of 300 Mbps, was already available in more than 40 localities, reaching almost 25% of the population. In 2016 the company's 4G customer base grew by 44%, reaching nearly 1.4 million by the end of the year and 70% of mobile data traffic was generated through the 4G network.[39]

2017

From January 11, 2017, Tibor Rékasi was appointed as Magyar Telekom's Chief Residential Commercial Officer. On April 1, 2017 Dr. Kim Kyllesbech Larsen became Magyar Telekom's Chief Technical and IT Officer, and on May 15,2017, Zsuzsanna Friedl became Chief People Officer. Dr. Robert Hauber, Deutsche Telekom’s Senior Vice President Finance Europe, was appointed as Chairman of Magyar Telekom's Board of Directors.[40][41][42][43]

Magyar Telekom signed a share sale agreement with Hrvatski Telekom d.d. to transfer its majority stake in Crnogorski Telekom. As a result of the transaction Magyar Telekom’s majority stake (76.53%) in Crnogorski AD. was transferred to Hrvatski Telekom d.d. for a total of 123.5 million EUR.[44]

Magyar Telekom was the first mobile operator in Hungary to launch voice services on the 4G network. The 4G Voice service has the advantage of providing an uninterrupted 4G data connection even during calls.[45]

In line with the EU regulations, from June 15, 2017 Telekom customers could make calls, send SMS messages and use the internet within the EU at the same prices as their domestic tariff plan, without EU roaming surcharges, provided they comply with fair use conditions.[46]

Ericsson and Telekom launched the first 5G connection in Hungary with a download speed of 22 Gbps.[47]

Magyar Telekom started to build a 5G test network at the automotive test track in Zalaegerszeg.[48]

Magyar Telekom Group closed its third carbon neutral year: the operator successfully reduced its carbon dioxide emissions, while offsetting its remaining carbon emissions by supporting green projects.[49]

2018

CEO Christopher Mattheisen resigned from Magyar Telekom on 1 July 2018, with Tibor Rékasi succeeding him.[50] From July 1, 2018, Melinda Szabó became Magyar Telekom's Chief Residential Commercial Officer.[51]

Telekom was the first company on the Hungarian market to enable the use of embedded SIM cards (eSIM) on its network.[52] The operator also introduced MultiSIM, which allows customers to use both mobile internet and voice services on multiple SIMs with a single subscription. MultiSIM supports both traditional SIM and eSIM cards.[53]

Based on the decision of the National Media and Info-communications Authority Magyar Telekom's frequency usage right in the 2100 MHz frequency band, which was effective until December 27, 2019, was extended until June 27, 2027.[54]

Magyar Telekom was the first in Hungary to present a 5G network operating under real conditions at its headquarters in Krisztina körút, Budapest.[55]

Telekom's call center replaced the traditional push-button menu system with a virtual business assistant. The artificial intelligence-based, Hungarian-speaking VANDA receives incoming calls, understands the customer's intentions and routes the call to a competent expert as quickly as possible. It also performs routine tasks that are highly automatable and occur frequently.[56]

According to GKI Digital's market analysis Magyar Telekom was the largest mobile handset and tablet supplier on the Hungarian online retail market in 2018.[57]

Between 2014 and 2018 the company spent nearly HUF 240 billion in Hungary to develop the infrastructure of its fixed and mobile networks.[58]

Ferencváros Sports Club and Magyar Telekom signed a new four-year agreement under which the company supports not only men's but also women's football teams, as well as water polo, ice hockey and men's gymnastics.[59]

2019

At the end of January, Magyar Telekom launched its first standard 5G station in the center of Zalaegerszeg. The gigabit speed test network was implemented as a standard 5G system and was using commercially mature 5G network equipment.[60][61]

Magyar Telekom extended its sponsorship contract with Telekom Veszprém men's handball team. According to the agreement Telekom continued to support the adult and junior teams for another three years, until the end of the 2021/2022 championship season.[62]

On October 1, 2019, Lubor Zatko was appointed Chief Technical and IT Officer of Magyar Telekom.[63]

Magyar Telekom and T-Systems moved to their new headquarters in Könyves Kálmán körút in Budapest.[64] The country's largest office building has since won several prestigious architectural and property development awards.[65][66][67][68][69][70][71]

Magyar Telekom's intensive network development continued in 2019 and as a result the operator covered more than 1.7 million access points with its gigabit speed network, either on fibre and cable technologyby September.[58]

Magyar Telekom started the transition to an agile way of working in 2019. The aim of the corporate-level agile transformation was to respond more quickly and effectively to customer needs and the changing market environment.[72][73][74]

2020

On March 1, 2020, Darja Dodonova, former vice president of Europe segment Technology Controlling at Deutsche Telekom, was appointed Chief Financial Officer of Magyar Telekom.[75]

Magyar Telekom's board of directors decided to extend Tibor Rékasi's contract as CEO for another 3 years, until June 30, 2024.[76] On November 2, 2020, Gábor Gonda became CEO of T-Systems Hungary Zrt. and a member of Magyar Telekom's executive management.[77]

Magyar Telekom was successful in the auction for frequency usage rights for 5G and mobile broadband services[78] and launched its commercial 5G service in April.[79] By the end of August, the service reached another milestone with dozens of new stations connected in 23 municipalities - Budapest, Budaörs, Zalaegerszeg, Debrecen, Kecskemét, Szeged and parts of Szombathely, as well as in 16 localities around Lake Balaton.[80][81]

Magyar Telekom continued to intensively develop its gigabit network in 2020: 377 thousand new fibre access points and 117 thousand cable access points were upgraded to gigabit capable. This resulted in the total number of gigabit enabled access points of nearly 2.5 million.[82]

2021

Magyar Telekom acquired frequency usage rights in the auction for the 900 MHz and 1800 MHz frequency bands.[83]

Based on the company's 2020 sustainability results, Magyar Telekom was nominated among the best performing companies in the telecommunications sector by ISS Corporate Solutions.[84]

Based on PwC Hungary's annual research Magyar Telekom won the Most Attractive Workplace Award in the telecom sector for the fourth year in a row in 2021.[85]

Magyar Telekom continued to intensively develop its gigabit network in 2021: 401 thousand new fibre access points were added to its network, and 40 thousand cable access points were upgraded to gigabit capability. The company offered gigabit speed to more than 3 million homes and businesses in Hungary.[86]

Magyar Telekom launched its fifth sustainability strategy cycle, which sets sustainability targets until 2030. The key goal of the strategy is to make Magyar Telekom Group the leading sustainable company in Hungary, giving digitalization at the service of the development of people, families and businesses as well as the protection of the environment.[87]

2022

Magyar Telekom was awarded the Nívó prize from Randstad Employer Brand Research, the most comprehensive independent employer brand research firm worldwide, as it won the Most Attractive Workplace in the Telecom Sector award for the fourth year in a row.[88]

Magyar Telekom signed an agreement to support Ferencváros Sports Club for another four years. Within the framework of the cooperation Telekom remains the main sponsor of Ferencvárosi Torna Club, the sponsor of FTC football team, and the name sponsor of the water polo, ice hockey, women's football and men's gymnastics club divisions.[89]

Magyar Telekom extended its sponsorship contract with the Telekom Veszprém men's handball team. According to the agreement, Telekom continues to support the men's adult and junior teams of the Veszprém club for another four years, until the end of the 2025/2026 championship season.[90]

Magyar Telekom switched off its 3G network on 1 July 2022.[91][92]

Controversies

In July 2017, T-Systems Hungary, a subsidiary of Magyar Telekom, launched an online ticket service for BKK, the unified transport operator of Budapest, Hungary. The application allegedly contained multiple security bugs. T-Systems Hungary reported online attacks on the application to the local authorities. One major bug was reported to BKK by an 18-year-old student, who was later detained by the police in the middle of the night, causing a public outcry, as it was revealed that the detention was ordered after the report by T-Systems. Many comments and negative ratings were added to T-Systems and BKK's social media pages.[93][94][95][96]

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  52. ^ "Telekom is the first operator in Hungary that offers eSIM cards on its network that is built into the device - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  53. ^ "A single subscription for multiple devices: MultiSIM has arrived! - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  54. ^ "Frequency license of Magyar Telekom extended - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  55. ^ "Telekom presented the first 5G connection established under real-life conditions in Hungary - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  56. ^ "VANDA, the first virtual assistant in Hungary, has started to work at Telekom - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  57. ^ "Telekom ranks No. 1 in the field of online mobile telephone salesMagyar Telekom held its Annual General Meeting-1 - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  58. ^ a b "Telekom is offering gigabit speed for more than 1.7 million homes and businesses – from September via most parts of the cable network, in addition to optical connections - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  59. ^ "Magyar Telekom and FTC continue their cooperation - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  60. ^ "Magyar Telekom launched Hungary's first standard 5G test station at Zalaegerszeg - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  61. ^ "Successful tests at Telekom's first standard 5g test station in Zalaegerszeg - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  62. ^ "Telekom ranks No. 1 in the field of online mobile telephone salesMagyar Telekom held its Annual General Meeting-2 - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  63. ^ "New CTIO at Magyar Telekom - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  64. ^ "Még tetőtéri futópálya is van a Telekom új székházában". 24.hu (in Hungarian). 20 November 2019. Retrieved 15 August 2022.
  65. ^ "Magyar Telekom Headquarter" (PDF).
  66. ^ "Another international architecture award won by Telekom Headquarters - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  67. ^ "Telekom HQ earns Property Development Award - BBJ". BBJ.hu. Retrieved 15 August 2022.
  68. ^ "Telekom Headquarters earns Property Development Award". wing.hu. Retrieved 15 August 2022.
  69. ^ "This year's winners announced for Office of the Year award". welovebudapest.com. Retrieved 15 August 2022.
  70. ^ "TIBA Architects Studio - NEW HEADQUARTERS OF MAGYAR TELEKOM AND T-SYSTEMS HUNGARY | The Plan". www.theplan.it. Retrieved 15 August 2022.
  71. ^ "New Headquarters of Magyar Telekom and T-Systems Hungary by TIBA Architects Studio kft". Architizer. 14 May 2019. Retrieved 15 August 2022.
  72. ^ "Magyar Telekom changes its management structure - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  73. ^ "Hatalmas kihívás az agilis átalakulás, de működik- HR Portál". www.hrportal.hu (in Hungarian). 11 June 2021. Retrieved 15 August 2022.
  74. ^ "Káosz nem ott van, ahol nincs főnök, hanem ahol hiányzik a közös alap | G7 - Gazdasági sztorik érthetően" (in Hungarian). 16 June 2021. Retrieved 15 August 2022.
  75. ^ "Change in Magyar Telekom's top management - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  76. ^ "Management announcement at Magyar Telekom - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  77. ^ "Change in Magyar Telekom Group's top management - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  78. ^ "Magyar Telekom succeeded in the 5G auction procedure – commercial 5G service to be launched soon - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  79. ^ "Telekom launches commercial 5G service - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  80. ^ "Telekom offers gigabit speed 5G in 23 settlements already - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  81. ^ "Telekom expands its 5G coverage in Budapest using Ericsson Spectrum Sharing - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  82. ^ "Last year Telekom constructed more optical accesses than ever before - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  83. ^ "Magyar Telekom acquires frequency usage rights - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  84. ^ "Magyar Telekom among top sustainable companies globally - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  85. ^ PricewaterhouseCoopers. "Money, flexibility, and a cool boss - this is what young workforce is after when choosing a workplace". PwC (in Hungarian). Retrieved 15 August 2022.
  86. ^ "Record sized gigabit network development at Telekom in 2021 - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  87. ^ ""We put digitalisation at the service of the development of people, families and businesses, and the protection of the environment" Telekom's Y2021 sustainability report has been published - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  88. ^ "Nívó-díjat kapott a Magyar Telekom: negyedik éve a legvonzóbb munkahely a telekommunikációs szektorban - Sajtóközlemények - Sajtószoba". Magyar Telekom (in Hungarian). Retrieved 15 August 2022.
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  90. ^ "Magyar Telekom extends contract with Telekom Veszprém - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  91. ^ "Final stage of disconnecting the 3G network – The most affected customers were directly notified by the service provider - Press Releases - Press Room". Magyar Telekom. Retrieved 15 August 2022.
  92. ^ "Magyar Telekom switches off 3G mobile network - BBJ". BBJ.hu. Retrieved 15 August 2022.
  93. ^ Zrt, HVG Kiadó (4 August 2017). "Etikus hackelés: a jó szándék kevés". hvg.hu (in Hungarian). Retrieved 15 August 2022.
  94. ^ Márai, László (24 July 2017). "18 year old guy arrested for reporting a shamefully stupid bug in the new Budapest e-Ticket system".
  95. ^ "Éjjel elvitték a rendőrök a BKK e-jegyének hibáit feltáró fiatalt".
  96. ^ Péter, Magyari (21 July 2017). "Éjszaka elvitték a rendőrök a 18 éves fiút, aki szólni merészelt a BKK-nak, hogy szar a webjegye". 444.
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