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About us

With 12.2 million mobile subscribers, 1.1 million fixed broadband customers, 1.1 million pay-TV subscribers, annual consolidated EBITDA of EUR 1.2 billion, and 9,100 employees, e& PPF Telecom Group is a mid-sized operator within the CEE region.

The Group is active in four markets - Bulgaria, Hungary, Serbia, and Slovakia, providing mobile, fixed-line, data and internet television services to end users, and telco infrastructure services to telecom operators.

The Group benefits from the global scale of e&, the majority shareholder, and the know-how and experience that PPF has in the region.

  • The benefits of the group

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scale

Scale and geographic diversification helps to protect profitability in case of adverse local trends.

Transfer of best practice between the operating companies drives operational efficiencies.

The group is strategically positioned in the region, successfully competing with major European operators.

e& building

Innovative capabilities and global scale of e&, a leading global technology group

Investments in innovation and technology are applied across the CEE markets, driving high quality services and economies of scale.

Separated infrastructure from retail enabling the businesses to wholly focus on their market segments and meet the increasing market demands.

Industry expertise and local knowledge of PPF, an international investment group

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Consolidated results

in EUR millions 2025 2024 2023
Revenues 2,413 2,123 1,975
EBITDA 1,152 1,005 899
EBITDA margin 44% 47% 46%
More about our finance
  • The benefits of the group
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market leading businesses

Market leading businesses with strong brand recognition and high quality networks

Diversified, strong and stable cash flow generation

Stable markets with positive trends supporting growth

Structurally separated services to end users and wholesale network infrastructure services.

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