Hungarian telecoms operator Magyar Telekom (MTel) yesterday announced a decision to implement a gradual increase in some of its tariffs from September, citing ‘unfavourable economic and market processes’ as the reason. Budapest Business Journal reports that the tariff changes are deemed ‘unavoidable’ by the incumbent, due to the lack of economic recovery in the central European nation, as well as higher than expected inflation and the adverse impact of ‘certain economic policy measures of the past period’. Further, the operator says it will not be passing on a new tax on voice calls and SMS to its customers: the government tax, introduced from July, is expected to cost MTel up to HUF8 billion (USD33.8 million) in 1H12 and HUF20 billion per annum from 2013.
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OVETEL Hungary’s MTel starved by economic climate: announces tariff change
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