Vodafone Hungary Fees Soon to Rise by Over 15%

  • 25 Oct 2023 11:54 AM
  • Hungary Around the Clock
Vodafone Hungary Fees Soon to Rise by Over 15%
Vodafone Hungary will increase its retail and small business fees by 15.4% from March next year, the subsidiary of the 4iG group said.

Vodafone Hungary announces its new fees before its competitors, because it calculates its annual inflation adjustment on a September 1 - August 31 basis, while Magyar Telekom, Yettel Hungary and Digi use the average price index change of the previous calendar year as a basis.

“The size of automatic inflation adjustment, without doubt, would be 22.01%, but the macroeconomic and sectoral environment have also changed, so we have decided to postpone the fee correction until March 1, 2024, and only apply a significantly smaller correction of 15.4%”, CEO Tamás Bányai, who was appointed in September, said in remarks to website HWSW.

Vodafone is indeed raising its fees to a lesser extent than it could, but, given the 6-7% inflation forecasts for 2024, the planned increase is significant, Portfolio adds.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports