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Magyar hopes to achieve revenue growth in 2005

28 Apr 2005

Hungarian incumbent Magyar Telekom (formerly Matav) has revealed that it hopes to see single-digit revenue growth in 2005 and 2006, after reporting a decrease of 1% in revenues in 2004. The operator said its goals did not include possible acquisitions along the way. It wanted to reach EBITDA of around 40% of revenue, and will limit investment spending to 15% of revenue. The company’s financial results have been affected by customers cancelling fixed line subscriptions in recent years, and it plans to concentrate more on its broadband operations to counter this.

Hungary, Magyar Telekom

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