Magyar Telekom, also known as Telekom HU or Matáv, is a privately owned, Hungary-headquartered company and a subsidiary of Deutsche Telekom. Founded in 1991, it employs approximately 2,770 individuals and reported $2.4B in revenue as of 2024. The company functions as a tier 1 media tech buyer, with its primary focus being telecoms, operating as a Hungarian telco.
Magyar Telekom received recognition from Ookla Speedtest on March 16, 2026, for having Hungary's best and fastest wired network. The company's fixed network currently provides over 4 million gigabit access points to homes and businesses, with plans to add 300,000 more by the end of 2026. Previously, Magyar Telekom issued its Investor Presentation for March 2026 on March 9. On March 6, the company's "Tech Tutoring" initiative, which offers sessions covering skills such as email, social media, internet safety, Google Translate, and AI use, reached approximately 59,000 participants nationally. Earlier on the same day, Magyar Telekom showcased its project with Phoenix Pharma at MWC 2026 in Barcelona, detailing a complete technological overhaul and system integration of the pharmaceutical wholesaler's contact center, a modernization featuring AI products that elevated Phoenix Pharma's critical customer service level to over 98 percent.
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Magyar Telekom offers 7 products in the media and telecoms services industry. Magyar Telekom's product portfolio comprises of consumer electronics, media and TV services and telecoms.
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Magyar Telekom's revenues were over $1B in 2024. 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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