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Yettel operators

Yettel Hungary

Yettel Hungary, the second largest mobile telecommunications provider in Hungary by both revenue and subscriber market share, is a pioneer in mobile broadband technology in Hungary and among the best 10 4G LTE networks worldwide. 

Yettel Hungary offers mobile services to both consumer as well as business customer segments, on both prepaid and contract bases. 

PPF Group’s share in Yettel Magyarország Zrt. is 75%.

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In 2018, PPF Group agreed to purchase Yettel’s assets in Central and Eastern Europe. After obtaining the necessary regulatory approval, the transaction was settled at the end of July 2018. Following the closing of said transaction, PPF Group became the sole owner of Yettel’s assets in Hungary, Bulgaria, Montenegro, and Serbia. Yettel has been active in Central and Eastern Europe for 25 years. It entered the Hungarian market in 1994 as local operator Pannon.
In October 2019, PPF Group sold 25% of its Hungarian telco operations to Antenna Hungária through the sale of its stake in TMT Hungary B.V. holding company.

Country Manager: Igor Přerovský

Country facts

population (Dec 2017) 9.8 million
ownership by PPF since 2018

Operational results

Yettel Hungary 2022
employees 1,648
mobile subscribers (thousands) 3,632
mobile ARPU 12.3 €/m

Financial results

in EUR millions 2022 2021 2020
Total assets 777 710 767
Revenue 541 545 511
EBITDA 108 132 166
CAPEX 171 16 140
* based on audited financial accounts for 2020, 2021, and 2022

Country facts

Operational results

Financial results

Contacts

Yettel Hungary

Pannon út 1
2045 Törökbálint
Hungary