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Cooperation agreement signed on the development of digitalization in Hungary

In a joint declaration, the Government, Yettel Hungary Zrt. and CETIN Hungary Zrt., a telecommunications infrastructure provider, have signed a cooperation agreement on the development of digitalization in Hungary. According to the agreement the companies will carry out mobile network development investments worth at least HUF 72 billion between 2024 and 2028.

In the document signed by Minister of National Economy Márton Nagy on behalf of the government, the parties agreed on network development, cybersecurity and innovation, and university cooperation, among other things.

Hungary's priority is to strengthen the country's competitiveness through the development of digitalization, an essential element of which is the deployment of modern wireless networks that meet all requirements. In the past decades, Hungarian mobile networks have always been among the international leaders, so the aim for the coming years is to bring the benefits of mobility and high bandwidth to a wider audience with 5G networks. In order for Hungary to keep pace with its regional competitors, significant developments will be needed in the coming years, and this will require the participation of all telecoms operators, including Yettel and telecoms infrastructure provider CETIN.

Amongst others, Yettel and CETIN commit to invest at least HUF 72 billion in mobile network development between 2024 and 2028, which will significantly increase the national outdoor 5G residential coverage, up to 99%, by the end of 2028. According to the agreement, the state will abolish the supplementary telecommunication tax on telecom operators from next year. 

Since its foundation in July 2020, CETIN has invested around HUF 83 billion in the development of its complex mobile telecommunications network infrastructure with more than 4,000 base stations, data transmission-, IT- and security infrastructure. 

CETIN is also working with the government to develop state-owned networks and is running 5G industrial pilot projects to encourage Hungarian businesses to use 5G.

Judit Kübler-Andrási, CEO of CETIN Hungary, said. “The mobile broadband infrastructure we provide is available and usable by all domestic market and public operators, benefiting the economy and the end-users. We are proud of the fact that Yettel has achieved outstanding results in the 5G performance competition, both domestically and internationally, with the mobile infrastructure we provide."