www.WirelessFederation.com/news: Hungary’s largest telecommunications company by market share, Magyar Telekom Nyrt has stepped its foot into the power retail sales market to retain existing customers and to gain new ones. The move has been described as a long-term strategic step and not a short-term revenue generator.
German utility giant E.ON AG and Magyar Telekom has entered in to a partnership as per which former will be Magyar’s strategic power supplier.
Deutsche Telekom AG owns majority of Magyar Telekom and the operator will offer smart metering services of natural gas and electricity both to households and small and medium-size companies. The new service will be offered in five cities in Hungary initially and will be expanded in the second half of this year.
According to Chief Executive Christopher Mattheisen, consumers opting for Magyar’s new services could save between 5% and 8% of their annual spending on natural gas and electricity.
