Bloomberg News

Hungary State Mobile Provider Wants 25% Market Share, Index Says

August 06, 2012

MPVI Zrt., Hungary’s state-owned mobile service provider, is looking to build its market share to as much as 25 percent within five to six years, news website Index said, citing a feasibility study it obtained from the company.

The new company, which hasn’t started operations yet, is planning to come to the market with lower prices than its competitors and “very aggressive discounts,” according to the Budapest-based news website.

The new service provider, owned jointly by electricity wholesaler Magyar Villamos Muvek Zrt., postal service Magyar Posta Zrt. and state-owned investment bank MFB Zrt., won the country’s fourth mobile frequency earlier this year, Index said.

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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