Telekom is raising its prices for the first time in ten years

In accordance with the preliminary information, Magyar Telekom will carry out a comprehensive price adjustment starting tomorrow for a number of price packages that are no longer sold but are still used by an unspecified number of subscribers. This is practically the first time in ten years that the service provider touches on previously priced constructions, before the inflation-following price correction becomes institutionalized from the beginning of next year.

In the invoice letter sent to subscribers in July, the service provider announced that it will raise its subscription and usage fees from September 1st, mainly for older tariff packages. The fee corrections due from tomorrow mainly affect residential mobile phone, mobile internet, landline internet, landline phone and TV services sold from 2017 to 2020, and their rate mostly does not reach 10%, i.e. below inflation.

The service provider informed HWSW in July that the change will only affect some of the customers that the company has

supports them in finding the tariff package that best suits their user needs and offers the best value proposition from the current tariff package portfolio.

The current price change affects some of the mobile voice, mobile internet, landline internet and landline phone subscriptions introduced in 2017 and 2019, among them typically the prices of the smaller and medium-value price plans will change (the full list can be found itt).

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At the same time, Magyar Telekom’s new general contract terms and conditions valid from September 1 also contain a more important potential fee correction mechanism that affects all subscribers. According to this, Telekom will be entitled to adjust the fees of all services annually in accordance with the previous year’s inflation data, in order to “preserve the proportionality between the services it provides and their consideration”, in order to compensate for the loss of monetary value resulting from general inflation.

However, the effect of this change will only be felt by subscribers in the first months of next year (then everyone without exception).

The market-leading service provider last comprehensively increased the usage fees for the entire subscriber base on January 1, 2011. At that time, the company adjusted its prices automatically as a result of the introduction of the 27% VAT rate in accordance with the changes in the VAT law, but the increase at that time was also affected by inflation, which was 4.7% in 2010.


Source: HWSW Informatikai Hírmagazin by www.hwsw.hu.

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