Invitel Company Profile and Key Details

Invitel is a telecommunications company that offers a range of services, including broadband, television, and telephony.

Invitel was founded in 2005 and is headquartered in Budapest, Hungary.

The company provides services to over 1.2 million households across Hungary.

Invitel's network covers over 90% of the country's population, making it one of the largest telecommunications providers in Hungary.

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The Invitel was formed through the merger of several telecommunication, IT, and cable television service providers.

The company's history dates back to 1995 when its predecessors, Digitel, Déltáv, Jásztel, and UTI, operated as concessionary companies.

In 2001, these companies were acquired by the French-owned Vivendi group, which then became known as Vivendi Telecom Hungary.

By 2003, the company was operating under the name Invitel and had unified its products and services under the Invitel brand.

Invitel expanded its operations by acquiring Euroweb Zrt. and Euroweb Romania S.A. in 2006.

The following year, the HTCC group (Tele Denmark) acquired the company, and Hungarotel Zrt., PanTel Kft., and HTCC Kft. were merged into Invitel.

Additional reading: List of Telecommunications Companies

In 2008, Invitel Telekom Kft. was established, and the company continued to operate under this name.

The Mid Europa Partners (MEP) began acquiring Invitel's shares in 2009, and by 2010, the company was majority-owned by MEP.

However, in 2010, Turk Telecom acquired Invitel's international wholesale business and its foreign subsidiaries.

Invitel then acquired the FiberNet group in 2011, and its subsidiaries were merged into Invitel.

In 2013, the company's financing structure was reorganized to ensure a stable financial foundation.

By 2016, Invitel had split into two separate entities: Invitech ICT Services Kft. and Invitel Távközlési Zrt.

However, in 2017, DIGI announced its intention to acquire Invitel's shares, and the deal was approved by the GVH in 2018.

Finally, in 2023, Invitel was fully absorbed into the Digi company, with the Digi taking over its customers.

Invitel offered a range of business services, including traditional landline services, internet services, and more.

Their business services included IP-telephony with or without a central unit, as well as an IP Center with extra features and no additional investment required.

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Invitel also provided a Call Center service, which offered comprehensive customer support via phone.

Their business conferencing service allowed for up to 15 participants, with no need for prior booking or special equipment.

Invitel's services also included color numbering, partner numbers, and premium numbers, each with its own unique features and benefits.

Here are some of the business services Invitel offered:

Invitel's internet services included ADSL, optical internet, mobile internet, virtual private networks, and leased line services.

Their ADSL internet service had a maximum speed of 48 Mbit/s, and came with additional features such as fixed IP addresses and domain name registration.

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Invitel's optical internet service offered speeds of up to 82 Mbit/s, and also included additional features such as fixed IP addresses and domain name registration.

Here are some of the internet services Invitel offered:

Invitel also offered an informational portal with a summary and content recommendation page.

Invitel's business operations were extensive, with over 600,000 customers and a presence in 14 local regions.

Invitel has received investment from the China CEE Investment Co-operation Fund, valuing the company at €202 million. This investment is a significant milestone for Invitel's growth.

The China CEE Investment Co-operation Fund is advised by CEE Equity Partners, indicating a partnership between the two entities. This collaboration is crucial for Invitel's future development.

The investment is subject to shareholder and Hungarian competition authority approval, highlighting the importance of regulatory compliance in such transactions.

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Invitel is a Hungarian telecommunications company that offers a range of services including fixed-line and mobile telecommunications, as well as internet and television.

Their network infrastructure is based on fiber-optic cables, providing fast and reliable internet speeds to their customers. Invitel's fiber-optic network covers over 70% of the country, making it one of the most extensive in Hungary.

Invitel's mobile network uses 4G technology, offering speeds of up to 150 Mbps.

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The Connection Diagram is a valuable tool for understanding complex corporate relationships. It clearly shows the connections between companies and individuals involved.

A Connection Diagram is particularly useful for visualizing the ownership and interest relationships between companies. This can help identify potential conflicts of interest or hidden connections.

In a Connection Diagram, you can see the individuals and companies directly connected to the company being examined. This includes shareholders and individuals with voting rights.

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Invitel Távközlési Zrt. was a significant player in the Hungarian telecommunications market. It operated in Hungary since 1995, with its predecessor companies. The company used the Invitel name since 2003.

The company's slogan was "A mi világunk!", which translates to "Our world!" in English. Invitel was a business enterprise that provided telecommunications services to both residential and business clients.

Invitel was a closed joint-stock company, which means it was a private company owned by its shareholders. The company's headquarters was located in Budapest, at Váci út 37.

Here's a summary of Invitel's key facts:

Invitel offered a range of services, including telecommunications and ICT services, to both residential and business clients.

Invitel is majority owned by Mid Europa Partners (MEP), a leading private equity investor in Central and Eastern Europe.

MEP has over 10 years of experience investing in domestic markets and manages assets of around EUR 3.2 billion in funds.

The MEP has brought significant knowledge to Invitel, particularly in the broadband telecommunications sector in the region.

In 2004, Magyar Telecom B.V. (Matel), a subsidiary of MEP, was issued and refinanced at the Luxembourg Stock Exchange to finance Invitel.

In 2013, Matel transformed Invitel's capital structure to create a long-term sustainable financing structure.

MEP sold its majority stake in Invitel to the China-CEE Fund Private Equity Fund in 2017.

In July 2017, it was announced that DIGI Távközlési és Szolgáltató Kft. (Digi TV) would acquire Invitel's shares.