"Magyar Telekom (M-Tel) has announced what it calls its "new generation access strategy," based on which the company says it will invest in the latest fiber and cable networks, offering its customers "super-fast" broadband access.M-Tel aims to reach around 200,000 households by end-2009, with a fiber-to-the-home (FTTH) network, and increase that number to 780,000 by end-2013.
At the same time, the telco says it will upgrade its hybrid-fiber-coaxial network to EuroDocsis 3.0 in an additional 380,000 households by end-2009 to provide capability to similar high-bandwidth applications.M-Tel says it plans to spend a total of Ft40bn ($245m) on its new generation access coverage rollout between 2009 and 2013. Around Ft10bn ($61.1m) will be spent on the fiber rollout and EuroDocsis 3.0 network upgrade in 2009.
Commenting on the announcement on Tuesday (Sep 23), M-Tel chairman and CEO Christopher Mattheisen said, “These network investments are the next steps in our continuing efforts to reinforce Magyar Telekom as the leading telecommunications and multimedia service provider both in the home and on the move.
“In addition, the investments are an important step for Hungary in building an information society and increasing Hungary’s competitiveness. The new generation network will enable us to offer super-high speeds to our customers under the T-Home brand.”
Source: Budapest Sun
02.10.2008