Magyar Telekom, also known as Telekom HU and Matáv, is a privately owned subsidiary of Deutsche Telekom, headquartered in Hungary. Founded in 1991, the company employs approximately 2,770 individuals. It reported $2.6B in revenue as of 2025 and is recognized as a tier 1 media tech buyer. The company specializes in telecommunications services.
Magyar Telekom announced a share buyback and provided information on further buyback timing on June 29, 2026. Earlier on June 8, the company deployed CPAT Technologies' DAA-ready virtualized ingress detection solution across its HFC network to strengthen network performance across Hungary. This followed the Shareholders' Assembly of MakTel, Magyar Telekom Távközlesi Nyilvánosan Müködö Reszvenytársaság, on May 27, which approved the full distribution of a MKD 2.49 billion net profit for 2025 as a dividend. Previously, on May 20, Magyar Telekom revealed plans to expand its Budapest data centre, citing "tightening" capacity.
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Magyar Telekom offers 7 products in the media and telecoms services industry. Magyar Telekom's product portfolio comprises of telecoms, consumer electronics and media and TV services.
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Magyar Telekom's revenues were over $1B in 2025. Caretta Research has split Magyar Telekom's revenue into 7 different product categories, the largest of which is mobile services. For full access to Magyar Telekom's revenue breakdown subscribe to Caretta Portal.
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