Sony Pixel Power calrec Sony

Scope Ratings GmbH assigns first-time BBB+ rating to Magyar Telekom

29/10/2020

Scope Ratings GmbH assigns first-time BBB+ rating to Magyar Telekom

Budapest, October 28, 2020 09:30

Magyar Telekom announces that Scope Ratings GmbH has assigned an issuer credit rating of BBB+ with stable outlook to the Company.

The credit rating is supported by the Company's non-cyclical, crisis proof business profile, a leading position in the mobile and fixed markets in Hungary, a large, diversified customer base as well as an adequate liquidity profile. Scope Ratings GmbH assigned BBB+ ratings both to the Company and the bonds planned to be issued in the Bond Funding for Growth Scheme (the Scheme ) of the Central Bank of Hungary.

The Company previously announced that it took initial steps for the preparation of the bond issuance under the Scheme. The Company currently considers issuing an unsecured fixed nominal interest rate corporate bonds with a total amount of up to HUF 70bn and a potential tenor of 7 years with a 50% amortizing tranche at the end of year 6 under the Scheme. The proceeds of the bonds would be used to fundinvestments into the fixed and mobile network roll-out and modernization (including frequencies). The bonds are expected to be registered to the Xbond platform of the Budapest Stock Exchange within 90 days following the issuance.

The report and the credit rating methodology including the rating categories are available at the following link of the credit rating agency: www.scoperatings.com .

Darja Dodonova, Magyar Telekom CFO commented: I'm very glad that Magyar Telekom received an investment grade credit rating today, which truly reflects the strength of the company's resilient business profile. At the same time, I'm confident that such strong credit rating will allow us to achieve competitive financing conditions to fund our upcoming investments. Moving forward we remain committed to our network development plans with the aim of further extending our gigabit-capable fixed network that now has more than 2.2 million access points and increasing 5G coverage, in order to contribute to the digitization of Hungary.
LINK: https://www.telekom.hu/about_us/press_room/press_releases/2020/oktober...
See more stories from telekom

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

04/08/2026

Dalet Announces Commercial Availability of Dalia, Bringing Media-Aware Agentic AI to Enterprise Productions

Dalet, a leading technology and service provider for media-rich organizations, t...

04/07/2026

Detective Conan: Fallen Angel of the Highway Opens in Dolby Cinemas Across Japan, Presented in Dolby Atmos and Dolby ...

April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...

01/06/2026

Dolby Sets the New Standard for Premium Entertainment at CES 2026

January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026 Throughout the week, Dolby brings to life the latest innovatio...

02/05/2026

Dalet Flex LTS Delivers Smarter Search, Faster Editing, and an AI-Ready Foundation for Modern Media

Dalet, a leading technology and service provider for media-rich organizations, t...

01/05/2026

NBCUniversal's Peacock to Be First Streamer to Integrate Dolby's Full Suite of Premium Picture and Sound Innovations

January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...

20/04/2026

Google Cloud Embraces the Rise of Agentic Production

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

Creators Go All in on AI, Niche Content

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

NBC Sports' Jon Miller: Broadcast Is Having a Moment'

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

Beyond the Lift and Shift': Cloud Migration's New Mandate

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

Virtual Production Finds Its Footing

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

Corporate Creators: All Companies Are Media Companies Now

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

IABM Rebrands as the International Association of MediaTech

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

CBS Detroit Debuts New AR/VR Technology-Driven Studio

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

Fox Sports Taps Appear X Platform for Remote Production

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

CueScript and Lighting Design Group Expand Customer Oppor...

CueScript and Lighting Design Group Expand Customer Opportunities Through New Partnership Find both companies at 2026 NAB Show in CueScript Booth # C 4720 ...

20/04/2026

Layercake Deepens Bitmovin Integration to Power End-to-En...

[Sydney, NSW, 20 April 2026] - Layercake, the company behind the intelligent media orchestration platform Streamcake, today announced the formalisation of its i...

20/04/2026

FOX Sports selects Appear X Platform for next-generation...

Deployment spans FOX Sports' REMI infrastructure, IP production for a major global soccer event, and its Jewel Events production systems Appear, a global l...

20/04/2026

Pro Sound Effects Launches the Industry's First and Only Native Sound Effects Integration for Avid Media Composer at NAB 2026

Pro Sound Effects Launches the Industry's First and Only Native Sound Effect...

20/04/2026

SBE Elevates Fred Willard to SBE Fellow

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

Blackmagic Design Announces Blackmagic Camera for iOS 3.3 Update

Blackmagic Design Announces Blackmagic Camera for iOS 3.3 Update Brie Clayton April 20, 2026 0 Comments New update adds camera control and monitoring ...

20/04/2026

Maxon Announces Free Tools and Mobile Expansion of ZBrush and Cinema 4D

Maxon Announces Free Tools and Mobile Expansion of ZBrush and Cinema 4D Brie Clayton April 20, 2026 0 Comments Cinema 4D brings professional 3D workfl...

20/04/2026

Vizrt AI Keyer kills the green screen and creates virtual scenes in any environment

Vizrt AI Keyer kills the green screen and creates virtual scenes in any environm...

20/04/2026

Register now - Market & Audience Department Ask Me Anything (AMA) Session

Register now - Market & Audience Department Ask Me Anything (AMA) Session 11 February 2026 Screen Australia Head of Market & Audience Rakel Tansley Talking to...

20/04/2026

Screen Australia appoints Tanya Phegan as Narrative Content Head of Development

Screen Australia appoints Tanya Phegan as Narrative Content Head of Development 17 March 2026 Tanya Phegan Screen Australia has today announced the appointmen...

20/04/2026

Applications Open for Skip Ahead 11

Applications Open for Skip Ahead 11 19 March 2026 Past Skip Ahead recipients (L-R): Macfarlane Bros, Rainbow Bop, Lyanna Kea. Screen Australia and YouTube Aus...

20/04/2026

Screen Australia empowers the next games generation, including new creatives from neighbouring disciplines

Screen Australia empowers the next games generation, including new creatives fro...

20/04/2026

Official Co-production Ask Me Anything (AMA) Session

Official Co-production Ask Me Anything (AMA) Session 26 March 2026 Image (L-R): Mix Tape, Michele McDonald, Flower & Flour. Interested in international Co-pro...

20/04/2026

Screen Australia announces Narrative Content funding for 91 projects, including four short films paired with industry mentors

Screen Australia announces Narrative Content funding for 91 projects, including ...

20/04/2026

Production Infrastructure and Capacity Analysis (PICA) pinpoints four key workforce challenges in the Australian screen industry

Production Infrastructure and Capacity Analysis (PICA) pinpoints four key workfo...

20/04/2026

Australians in Film and Screen Australia Announce the 2026 Participants in the Talent Gateway and Global Producers Program

Australians in Film and Screen Australia Announce the 2026 Participants in the T...

20/04/2026

Screen Australia relaunches website with new tools and improved user experience

Screen Australia relaunches website with new tools and improved user experience 16 April 2026 Screen Australia relaunches website Screen Australia has relaun...

20/04/2026

Ikegami Announces VFE-P07D Monocular OLED Viewfinder

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

EVS Launches Choreon Robotic Control Solution

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

Ross Video Showcases End-To-End Production Ecosystem at 2026 Nab Show

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

Heidi Steffen to Become President of TitanTV

Share Copy link Facebook X Linkedin Bluesky Email...

20/04/2026

NVIDIA and Partners Showcase the Future of AI-Driven Manufacturing at Hannover Messe 2026

Manufacturing is at an inflection point. Across every major industrial economy, ...

20/04/2026

Autonomous AI at Scale: Adobe Agents Unlock Breakthrough Creative Intelligence With NVIDIA and WPP

AI agents are transforming how work gets done across all industries, acceleratin...

19/04/2026

NAB Show 2026 Is Here! Follow All of our Live Coverage!

Blackmagic Design has announced the ATEM 4 M/E Constellation IP and ATEM 4 M/E Constellation IP Plus, two SMPTE 2110-native live production switchers. The ATEM ...

19/04/2026

Live From NAB 2026: Grass Valley CEO Jon Wilson on AMPPs Explosive Growth, Hybrid Workflows, and Whats New at the Show

Grass Valley is finding the right balance between its hardware heritage with an ...

19/04/2026

Live From NAB 2026: Oracles Kip Schauer on Why OCI Is Doubling Down on Media, Sports, and Broadcast

Oracle's strategy rests on the foundational strengths of Oracle Cloud Infras...

19/04/2026

Live From NAB 2026: Program Productions Jess Kowatch on Whats New with ProCrewz and the Impact of AI on Crewing

Program Productions, the live sports production industry's leading crewer, i...

19/04/2026

Live From NAB 2026: Aggrekos Joe Scionti on Powering the Super Bowl, PGA Championship, and the Road to the FIFA World Cup

At the 2026 NAB Show in Las Vegas, SVG sat down with Joe Scionti, Account Manage...

19/04/2026

NAB 2026: Evertz to highlight evertz.io XChange for live event management and market switching

Evertz (Booth N817) is set to present new services within its evertz.io platform...

19/04/2026

NAB 2026: Evertz to showcase IPMX-certified NUCLEUS and MMA platforms for AV and ST 2110 integration

Evertz (Booth N817) will showcase its IPMX-certified NUCLEUS platform alongside ...

19/04/2026

NAB 2026: Evertz to showcase ENX media core for hybrid SDI and IP facilities

Evertz (Booth N817) is set to showcase ENX at NAB 2026, a media core platform designed to support hybrid SDI and IP infrastructures in production facilities and...

19/04/2026

NAB 2026: Evertz introduces Studer VistaVUE Touch for broadcast control

Evertz (Booth N817) will introduce Studer VistaVUE Touch at NAB 2026, a control surface designed to integrate audio, video and control workflows within a custom...

19/04/2026

NAB 2026: Evertz highlights X-CALIBER high-density encoding platform for media transport

Evertz (Booth N817) will highlight X-CALIBER at NAB 2026, an encoding and decodi...