Investor Releases
Magyar Telekom announces modernisation of its mobile network
Budapest, May 4, 2011 11:30
Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB), the leading Hungarian telecommunications service provider today announced that ithas embarked on a large scale modernisation of its mobile network with its longstanding partner, Ericsson.
As part of the network modernisation,
Ericsson will replace the current 2G and 3G wireless base stations to unique,
multi-standard RBS 6000 equipments developed for GSM/EDGE, WCDMA/HSPA Evolution
and LTE technologies. Once the necessary frequencies are available, Magyar
Telekom will also be ready in 2011 to offer LTE services to its customers
through the new fourth generation LTE technology provided by Ericsson.
As the first stage of the modernisation,
T-Mobile customers will be able to experience the benefits of the super fast
broadband services in summer when HSPA+, offering 21 Mbps speed, will be
available in many parts of Budapest as well as in several rural locations, via
200 new HSPA+ station. HSPA+ will be available across the entire network by
2013.
The agreement will offer further cost
saving potential, including a 50% saving in energy costs.
This investor news contains forward-looking statements. Statements that are not historical facts, including statements about
our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections,
and therefore should not have undue reliance placed upon them. Forward-looking statements speak only as of the date they are
made, and we undertake no obligation to update publicly any of them in light of new information or future events.
Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could
cause actual results to differ materially from those contained in any forward-looking statement. Such factors are described
in, among other things, our Annual Report on Form 20-F for the year ended December 31, 2010 filed with the U.S. Securities
and Exchange Commission.