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9th November, 2017

Magyar Telekom ups profits in Q3



The after-tax profits of Magyar Telekom reached Ft 19.3 billion in the third quarter, the telecom company announced on the Budapest Stock Exchange website yesterday.

Analysts forecast on average Ft 13.3 billion after-tax profits for the third quarter, thus the actual figure was 45% above forecast, Portfolio underlined. (portfolio.hu)
9th November, 2017

UPC speeds up connection



UPC is increasing the download speed of its 120,000 clients to 120Mbps, the cable company announced on Wednesday.

Subscribers who had a connection of 15-60Mbps will be pleased about the automatic upgrade, Napi writes.

UPC announced in September that all new subscribers will get 120Mbps or faster connection. The present adjustment concerns former subscribers. (napi.hu; hvg.hu; origo.hu)
9th November, 2017

Govít facilitates OTP headquarters construction



Chairman and CEO of OTP bank Sandor Csanyi announced on Tuesday that the bank is going to build a new headquarters on Madarasz utca in the 13th District in Budapest and the government declared the project one of national economic importance on the same day, according to the official gazette Magyar Kozlony.

The government assigned the project a status that allows for fast-track state administration regarding permits and exceptions. (napi.hu; portfolio.hu; hvg.hu)
9th November, 2017

Konzum calls for EGM



Konzum is ordering an EGM to be held on December 8, the holding company announced on the Budapest Stock Exchange website on Wednesday.

On the agenda of the EGM is an authorisation of the board of directors to carry out a capital increase. (portfolio.hu; napi.hu)


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