Magyar Telekom has launched 5G in Hungary, with initial services live in parts of Budapest and Zalaegerszeg.
Ericsson has supplied 5G-ready products and solutions from Ericsson Radio System to build the 5G network. The network capex of Magyar Telekom was HUF 89.6 billion in 2019, reflecting its investment in 5G network.
Magyar Telekom secured the related 3.5GHz spectrum in Hungary’s spectrum auction on March 26.
Magyar Telekom will pay HUF 54.24 billion for buying the spectrum in the 700 MHz, 2100 MHz and 3600 MHz frequency bands. Magyar Telekom will be entitled for the usage of the spectrum until 2040.
Tibor Rekasi, CEO of Magyar Telekom, said: “5G provides our customers with higher data rates and low latency, as well as connection of many new devices, and 5G will become a platform for new applications and opportunities for both industries and individuals.”
The Telekom portfolio currently features two 5G-capable devices, LG V50 and Huawei Mate 20X 5G. Samsung 5G devices, already part of the portfolio, shall become 5G-capable, after a software upgrade.
Telekom‘s commercial 5G service is operating within the 3.6 GHz frequency range. Similarly to the 2G, 3G, 4G technologies, Ericsson was Magyar Telekom‘s partner in constructing the 5G stations.
Magyar Telekom has reported revenue of HUF 182.3 billion (+4.1 percent) in Q4 2019, attributable to the recovery in the System Integration and IT revenues coupled with growth in mobile data revenues.
Magyar Telekom’s revenue for the year amounted to HUF 666.7 billion (+1.5 percent) including HUF 354.4 billion from mobile business and HUF 212.7 billion from fixed line business.