Yettel Hungary (formerly ''Telenor'', ''Pannon'' and ''Pannon GSM'') is the second largest mobile phone operator 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 ...

. Yettel Hungary Ltd. was founded as ''Pannon GSM Telecommunications Ltd.'' in 1994.

History

In November, 1993 Pannon GSM Telecommunications Ltd. signed a concession agreement and in March of the following year started to operate on the 900

MHz The hertz (symbol: Hz) is the unit of frequency in the International System of Units (SI), equivalent to one event (or cycle) per second. The hertz is an SI derived unit whose expression in terms of SI base units is s−1, meaning that one h ...

frequency. In 1999 the company won a tender for the 1800 MHz frequency. In November, 2000 it started to operate on the 1800 MHz frequency in

Budapest Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population ...

, and in March 2001, the whole country. The network covers 99% of

. The company has 13 switching centres, more than 1500 base stations and employs 1,060 people. The company's revenue in 2001 was HUF 132.8 billion and profits before taxes were HUF 18.7 billion. On January 31, 2003 the company had 2,627,000 subscribers representing 40% of the

Hungarian Hungarian may refer to: * Hungary, a country in Central Europe * Kingdom of Hungary, state of Hungary, existing between 1000 and 1946 * Hungarians, ethnic groups in Hungary * Hungarian algorithm, a polynomial time algorithm for solving the assignme ...

mobile market, which was then shared by 3 companies. On February 14, 2006 the company changed its main brand to Pannon and refreshed its visual image, in line with the new corporate identity of its parent, Telenor. On May 18, 2010 the company changed its name to Telenor. Telenor Logo

In January 2018, the company's management confirmed media reports that there is interest in sale of Telenor's business in Southeast Europe, including Telenor Hungary. In March 2018, Telenor sold its business in Southeast Europe (

Bulgaria Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Mac ...

, Hungary,

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and

Serbia Serbia (, ; Serbian: , , ), officially the Republic of Serbia (Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hung ...

) to the investment fund PPF, for a sum of 2.8 billion euros. In January 2022, Telenor announced they would change their name to Yettel on March 1, 2022.

Network information

The IMSI - Network Code of Yettel is 216-1 and MSISDN Network Codes are 20 (international: +36 20) The display name of Yettel: Yettel HU

References

{{Reflist

External links

Yettel HungaryYettel – PPF Group
1994 establishments in Hungary Telecommunications companies of Hungary Telecommunications companies established in 1994 2003 mergers and acquisitions 2018 mergers and acquisitions