Magyar Telekom’s Q2 sales improve by 5.7%

11 Aug 2021

Hungarian full-service operator Magyar Telekom – part of the Deutsche Telekom (DT) group – increased its revenues by 5.7% year-on-year to HUF166.1 billion (USD551 million) in Q2 2021, with increasing mobile and fixed service contributions driving the positive momentum. Quarterly operating profit of HUF22.6 billion rose 8.7% y-o-y, with EBITDA up 5.6% to HUF59.3 billion. CAPEX (excluding spectrum licences) decreased slightly y-o-y to HUF23.2 billion in April-June 2021.

In operational highlights, Hungarian post-paid mobile subscribers increased 3.5% y-o-y to 3.505 million at end-June 2021, while total retail fixed broadband customers grew by 7.3% to 1.361 million. Telekom recorded its highest ever mobile data traffic, whilst average data consumption surged by 25% y-o-y to 7.2GB/month in Q2. The operator noted ‘strong monetisation’ of its fixed network development, with 23% of broadband customers now on Gigabit speed packages.

Hungary, Magyar Telekom