ICT sector revenue rises 3.5%

Telco

Revenue of companies in Hungary's ICT sector rose an annualized 3.5% in the first quarter to HUF 961 billion, according to data released by the Central Statistical Office (KSH).

The number of full-time employees in the sector climbed 9.8% to 94,296. The average gross monthly salary of those staff increased 7.7% to HUF 730,000.

Mobile data volume jumped 46% to 182 petabytes, an increase supported by social distancing. Around 97% of data traffic was over 4G-LTE networks.

The number of voice calls initiated on mobile networks increased 2.9%, while the average call lasted for 3.8 minutes.

There were about 12.8 million active SIM cards in Hungary in Q1, or 132 for every hundred residents. About 9.4 million of those SIM cards were post-paid, KSH said.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.