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  September 5, 2001
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Home > Company Index > Telecommunications > Local Telecom & Private Transmission Services > Hungarian Telephone and Cable Corp.

Hungarian Telephone and Cable Corp.
AMEX: HTC
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 PROFILE
Hungarian Telephone and Cable Corp. (HTCC) has stretched across the Atlantic to provide fixed-line local phone service in five of Hungary's 54 telecom regions. The company was created in 1992 on the heels of the privatization of Hungarian telecom monopoly MATÁV (still the country's sole long-distance provider). HTCC owns five local operators with a combined 206,000 access lines serving about 680,000 people. It also offers Internet access and pay phone services. To take a bite out of MATÁV's long-distance market, HTCC has begun offering voice over Internet protocol (VoIP) phone service. The US-based Citizens Communications and Denmark's TDC (formerly Tele Danmark) each own about 21% of HTCC; Hungary's Postabank, 20%.

 COMPETITION
British Telecommunications plc (BTY)
Deutsche Telekom AG (DT)
Magyar Távközlési Rt. (MTA)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 43.00
1-Yr. Sales Growth: (5.3)%
Employees: 645
Revenue per employee: $66,666.67

 KEY PEOPLE
• Ole Bertram
    CEO
• Bill McGann
    CFO

 CONTACT INFO
32 Center St.
Darien, CT 06820
US
Phone: 203-656-3882
Fax: 203-656-3867
Online: Web Site

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