Tougher competition hits Matav results

14 May 2004

Matav has reported a 26% decline in net profit for the first quarter of 2004 as a result of falling revenues from its fixed and leased line operations. The company’s overall sales managed a 0.8% increase to HUF146.13 billion compared to the HUF144.93 billion achieved in 1Q 2003, thanks principally to a 5.8% increase in mobile sales and an 8.4% improvement in revenues from international operations. The number of ADSL customers climbed 181% in twelve months to 125,000 while its internet customer base jumped from 160,280 to 228,526.

Hungary,Magyar Telekom,

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share