Invitel to launch EUR30m network development programme

Invitel, Hungary’s fourth largest broadband provider in terms of subscribers, is set to invest EUR30.0 million (USD33.6 million) in the development of its retail and corporate business units, the Budapest Business Journal reports, citing comments by CEO David Blunck and deputy CEO Marianne Langsteiner at a recent press conference. The operator expects that the number of households able to access its high speed internet and interactive television services will increase by around 120,000 in 2015. Blunck commented: ‘Invitel was able to double its revenue in the past two years in its two focus segments of business ICT and residential television services,’ adding that the company intends to ‘speed up the realisation of Invitel’s business strategy’, which was established in 2012, in order to improve its market position. Meanwhile, Langsteiner said that she expects Invitel’s broadband packages to be available to more than half a million households by August 2015, and estimates that the operator’s services will be extended to 98 of Hungary’s largest cities by that date.