CETIN Hungary closed a successful year

By: Trademagazin Date: 2024. 05. 23. 11:01

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CETIN Hungary Zrt. successfully closed its third full business year. The independent, integrated telecommunications infrastructure provider significantly increased its investments, sales and profits. The company plans to spend nearly HUF 23 billion on network development investments this year.

The net sales revenue of CETIN Hungary Zrt. increased from HUF 51.4 billion in 2022 by more than 30 percent to HUF 67.2 billion, and capital investment (CAPEX) increased by almost 8 percent from HUF 26.2 billion to HUF 28.3 billion. The company’s profit before interest, taxation and depreciation (EBITDA) is HUF 45.5 billion, which is more than 20 percent higher than the 2022 value.

CETIN Hungary owns and operates more than four thousand base stations, the entire transmission technology network that connects them (microwave, optics, DWDM, IPMPLS networks), as well as the 10 data centers that serve them and their IT infrastructure.