Invitel is one of the dominant players in the Hungarian telecom and information market. Invitel has been operating in

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croa ...

since 1995, through predecessor companies. Since 2002, the group has been using the name ''Invitel''. The telecommunication company provides services to both residential and business customers as well as wholesale partners.

Ownership

Invitel is majority owned by

Mid Europa Partners MidEuropa is an independent private equity player in Central and Eastern Europe focused on Central and Eastern Europe with approximately €5.3 billion of assets under management. Strategy MidEuropa seeks to take controlling stakes in its inve ...

(MEP), which focuses on Central and

Eastern Europe Eastern Europe is a subregion of the European continent. As a largely ambiguous term, it has a wide range of geopolitical, geographical, ethnic, cultural, and socio-economic connotations. The vast majority of the region is covered by Russia, wh ...

as a leading private equity investor. Leaders of the group have more than 10 years of experience in investing in domestic markets and currently handle assets of around EUR 3.2 billion in funds. The MEP has brought significant knowledge to Invitel, primarily in the broadband telecommunications sector in the region, which is a strategic value. In line with the customary practice in the telecommunications industry, ''Magyar Telecom B.V.'' (Matel), a wholly owned subsidiary of MEP, 100% directly owned by Invitel, was issued and refinanced at the Luxembourg Stock Exchange in 2004 to finance the Invitel Group. In 2013, Matel transformed the Group's capital structure to create a long-term sustainable financing structure for its optimal operation. At the beginning of 2017, MEP sold its majority stake to the ''China-CEE Fund Private Equity Fund''. In July 2017, it was announced that ''DIGI Távközlési és Szolgáltató Kft.'' ( Digi TV) will acquire the shares of Invitel.A Digi 43 milliárdért megvette az Invitelt
(Index.hu, 2017.07.21.)

References

External links

* {{in lang, hu Telecommunications companies of Hungary Hungarian brands Telecommunications companies established in 1995 Internet service providers