Magyar Telekom Telecommunications PlcBudapest, Hungary (NYSE: MTA)

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Magyar Telekom Company Description

Magyar Telekom is the primary provider of fixed-line service in Hungary, with 2.5 million fixed access lines. The company is also the leading mobile carrier in the country, serving more than 4.9 million subscribers through its T-Mobile-branded wireless unit. Other holdings include a 76% stake in Crnogorski Telekom, which provides fixed line and Internet services in the Republic of Montenegro, and a 56% stake in MakTel, which is the incumbent fixed line carrier in the Republic of Macedonia. Deutsche Telekom owns nearly 60% of Magyar Telekom through its MagyarCom unit.

View the Comprehensive Company Description for Magyar Telekom

The Company Description provides a historical perspective of Magyar Telekom's organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Magyar Telekom's evolution in the marketplace.

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