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 Pannonian Basin, Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the ...

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 (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, whic ...

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 The Luxembourg Stock Exchange, LuxSE (french: Bourse de Luxembourg) is based in Luxembourg City at 35A boulevard Joseph II. The chairman of the board is Alain Kinsch and the chief executive officer is Julie Becker. The exchange has pre-opening ...

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