Magyar Telekom

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Magyar Telekom Nyrt.

Company type	Public Subsidiary
Traded as	BPSE: MTELEKOM BUX Component CETOP20 Component
Industry	Telecommunications
Founded	1991; 33 years ago (1991)
Headquarters	Budapest , Hungary
Area served	Central and Eastern Europe
Key people	Rékasi Tibor (CEO)
Products	Fixed Telephony, Mobile Telephony, Broadband Internet, IT Services, Networking Solutions, Digital TV
Revenue	HUF 746,669 million (2022)
Operating income	HUF 109,178 million (2022)
Net income	HUF 62,954 million (2022)
Total assets	HUF 1,456,417 million (2022)
Total equity	HUF 734,776 million (2022)
Number of employees	6,711 (2022)
Parent	Deutsche Telekom (61.39%)
Subsidiaries	Makedonski Telekom
Website	www.telekom.hu

Magyar Telekom Nyrt. (officially Magyar Telekom Távközlési Nyilvánosan Működő Részvénytársaság, Magyar Telekom Telecommunications Public Limited Company^[1] lit. 'Hungarian Telecom Telecommunications Public Limited Company') is one of the leading Hungarian telecommunications service provider company. It is a subsidiary of Deutsche Telekom.^[2]

Magyar Telekom provides a full range of telecommunications and information communication (ICT) services to private individuals as well as small, medium and large corporate customers, including landline and mobile phone, data transfer and non-voice based, as well as IT and system integration services uniformly under the Telekom brand. Magyar Telekom is connected to the lives of its customers by millions of threads, telephone, internet, TV and IT: it has a high-quality, reliable and uniquely wide range of services in all areas. Magyar Telekom Nyrt. is the 100% owner of Telekom Regszerintegració Zrt., as well as the majority owner of Makedonski Telekom, the leading integrated service provider in North Macedonia.

Until 6 May 2005, it was known as Matáv (Magyar Távközlési Rt. – Hungarian Telecommunications PLC). The company was formed under the name of Magyar Távközlési Vállalat (Hungarian Telecommunications Enterprise) in December 1989, when Magyar Posta (Hungarian Post) was split into three separate enterprises. On 31 December 1991, the company was re-structured as a public limited company as Magyar Távközlési Rt.. On 1 July 1993, the Telecommunications Act came into effect, making it possible to privatize the company. The company remained 100% state owned until the end of 1993. At this point, a consortium was formed between Deutsche Telekom and Ameritech, which was named MagyarCom. MagyarCom bought a company share of 30.1% for a price of US$875 million.