17 Facts About Magyar Telekom

Magyar Telekom was formed under the name of Magyar Tavkozlesi Vallalat in December 1989, when Magyar Posta was split into three separate enterprises.

Magyar Telekom 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.

On 8 November 2005, Magyar Telekom purchased Orbitel, a transaction that ended on 3 February 2006.

Consequently, the new management structure of Magyar Telekom determines the operating model of the Group on the basis of customer segments.

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

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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.

Magyar Telekom won the Excellence in Customer Service Award of 2013 in the telephone customer service enterprise category in October.

Magyar Telekom acquired nine cable networks in Hungary during the year.

Magyar Telekom became the named sponsor of the Veszprem handball team.

Magyar Telekom was the first mobile operator in Hungary to launch voice services on the 4G network.

Magyar Telekom began building a 5G test network at the automotive test track in Zalaegerszeg.

Magyar Telekom was the first company on the Hungarian market to enable the use of embedded SIM cards on its network.

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

Magyar Telekom extended its sponsorship contract with Telekom Veszprem men's handball team.

Magyar Telekom started the transition to an agile way of working in 2019.

Magyar Telekom renewed its sponsorship contract with the Telekom Veszprem men's handball team.

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.