RCS&RDS enters Hungarian telecom market with EUR 32 mln bid for a 4G license

Newsroom 29/09/2014 | 14:08

The National Media and Infocommunications Authority (NMHH), Hungarian industry regulator,  announced on Monday it sold a number of 20-year mobile broadband licences, suitable for 4G/LTE services, for a total sum of EUR 420 million.

Romanian company Digi Telecommunications Ltd. will pay HUF 10 billion (EUR 32 million) for a frequency package, writes Reuters.

Magyar Telekom, controlled by Deutsche Telecom, will pay HUF 58.5 billion (EUR 188 million), Telenor ASA – HUF 31.73 billion and lastly Vodafone will pay HUF 30.23 billion.

Romanian privately-owned Digi Telecommunications Ltd., controlled by RCS&RDS, will become the fourth major player on the Hungarian telecom market. The operator needs to pay the license fee by October 9.

“Outside of the three mobile network already active Digi (RCS&RDS) will begin to develop a new network, the fourth for the country (…) A new player mobilizes and rejuvenates the market, improves price competitiveness and inspires new services”, according to NMHH representatives, quoted by ZF.

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