Invitel, which claims to be the number one alternative and the second largest fixed line telecoms provider and broadband ISP in Hungary, has announced the financial results of its Magyar Telecom unit (not to be confused with the country’s incumbent operator Magyar Telekom, or MTel) and its subsidiaries, for the nine months ended 30 September 2011. Invitel notes that the company’s results in the period under review have been affected by the difference between the average EUR/HUF exchange rates. The Hungarian forint appreciated against the euro by 1% with an average EUR/HUF exchange rate of 271.28 during the nine months ended 30 September 2011, compared to the average EUR/HUF exchange rate of 275.25 during 9M10
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OVETEL Invitel publishes 9M11 financial results
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