Deutsche Telekom to invest in Hungarian broadband

Deutsche Telekom to invest in Hungarian broadband

Deutsche Telekom is planning on investing approximately a billion dollars in a Hungarian high speed internet network over the next few years.

The German operator owns 60% of Magyar Telekom, the national telecoms company. The investment plan includes both fixed and mobile broadband services, Magyar announced.

The operator’s CEO, Timotheus Hottges announced that the company has agreed a deal with the Hungarian government and the EU which will see the provision of broadband to every household nationwide by 2018.

"Within the right regulatory framework, a framework that also includes government and EU support for underdeveloped areas, we are willing and able to develop high-speed broadband internet access for all Hungarians," said Hottges.

This week Deutsche Telekom also announced that it is close to finalising an agreement with Greek officials to increase its 40% stake in OTE.

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