2024-02-23 11:12:04 ET
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság (MYTAY)
Q4 2023 Earnings Conference Call
February 23, 2024 8:00 AM ET
Company Participants
Diana Várkonyi – Head-Investor Relations
Daria Dodonova – Chief Financial Officer
Tibor Rékasi – Chief Executive Officer
Conference Call Participants
Presentation
Diana Várkonyi
Good afternoon, everyone. I am Diana Várkonyi, Head of Investor Relations at Magyar Telekom, and it is my pleasure to welcome you to our Fourth Quarter 2023 Results Conference Call. Please note that today's presentation is also available on the Investor Relations section of our website. This event is being recorded, for internal purposes only. By joining the presentation, you consent to being recorded. Throughout the presentation, your lines will remain muted. Once we commence the Q&A session, you will be able to ask a question using the "raise hand" function, after which your microphone will be enabled and you can unmute yourself to ask a question.
Before we begin, I would like to draw your attention to the disclaimer on the second page of the presentation. The information in this presentation includes forward-looking statements about expected future events and financial results, which are subject to risks and uncertainties. I am pleased to welcome Ms. Daria Dodonova, our CFO, and Mr. Tibor Rékasi, our CEO, who will take you through the presentation and answer any questions you may have.
Now, I would like to hand over to Tibor to open the presentation.
Tibor Rékasi
Thank you, Dia. Good afternoon, everybody. First, I'd like to provide you with a summary of our progress in 2023 against the key strategic priorities and our directions going forward, as outlined on Slide number 3. During 2023, we continued to upgrade both our fixed and mobile networks in Hungary to meet the growing data demand of our customers. We made progress in the radio network modernization of our mobile network, reaching an 80% readiness by year-end, and expanded the population-based outdoor 5G coverage to 65%. At the same time, we added 200,000 new gigabit-capable access points to our fixed network throughout the year, reaching over 3.6 million households and businesses with this technology. The demand for these services is evidenced by the dynamic increase in network penetration, reaching an average usage rate of around 25% in just under a year....
Read the full article on Seeking Alpha
For further details see:
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság (MYTAY) Q4 2023 Earnings Call Transcript