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  September 5, 2001
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Home > Company Index > Telecommunications > Diversified Telecom Service Providers > Magyar Távközlési Rt.

Magyar Távközlési Rt.
NYSE: MTA
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 PROFILE
Magyar Távközlési, the first Eastern European company to debut on the NYSE, is marking its territory in Hungarian telecommunications. Known as MATÁV, the former monopoly is the country's sole provider of long-distance and international calling, and it controls 70% of the local phone market (3 million access lines). Although MATÁV holds these monopolies until 2002, the carrier does have rivals in Internet, data transport, and mobile phone markets. Its Westel unit supplies GSM (global system for mobile communications) wireless service to more than 1.6 million users, and its MATÁVnet connects about 96,000 users to the Internet. MATÁV also offers business data services. Deutsche Telekom owns nearly 60% of the firm.

 COMPETITION
Hungarian Telephone and Cable Corp. (HTC)
Royal KPN N.V. (KPN)
PSINet Inc. (PSIXE)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,586.20
1-Yr. Sales Growth: 4.1%
Employees: 14,380
Revenue per employee: $110,305.98

 KEY PEOPLE
• Elek Straub
    CEO
• Klaus Hartmann
    CFO

 CONTACT INFO
Krisztina Krt. 55
1013 Budapest, Hungary
Phone: 36-1-457-4000
Fax: 36-1-458-7105
Online: Web Site

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