ACE Telekom increased its revenues to HUF 606m in 2011

2012-01-30



ACE Telekom, internet and telecom service provider in Hungary, announced revenues of HUF 606m (€2m) in 2011, which is 21% more than the HUF 494m registered in 2010 (€1.68m). The company focuses on serving the business sector, mainly SMEs, which accounted for 93% of the revenues. In 2011, ACE Telekom spent HUF 105m (€350,000) on investments, increasing the number of base stations by 11, to reach 152, and developing the fibre-optic network. The company will continue investments in new infrastructure and technologies and plans to increase the number of base stations by 20. The total amount of investments for this year is expected to reach HUF 120-130m (€425,000), while the revenues are forecasted to reach HUF 650m (€2.2m).
The Hungarian-owned ACE Telekom was founded in 1997 and employs 48 people.