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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%.

Telenor

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: Petr Gažík

Country facts

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

Operational results

Yettel Hungary 2021
employees 1,396
mobile subscribers (thousands) 3,558
mobile ARPU 11.8 €/m

Financial results

in EUR millions 2021 2020 2019
Total assets 710 767 1,176
Revenue 545 511 527
EBITDA 132 166 208
CAPEX 16 140 62
* based on audited financial accounts for 2019, 2020, and 2021

Country facts

Operational results

Financial results

Contacts

Yettel Hungary

Pannon út 1
2045 Törökbálint
Hungary