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PPF Group is an international investment group founded in the Czech 
Republic in 1991. It has grown to manage operations in 25 countries around the world.

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www.cetin.hu

CETIN Hungary

Kontakt

The company provides mobile network services mainly for Yettel Hungary. It operates a mobile network sharing scheme with Magyar Telekom.
CEO: Judit Kübler-Andrási

Hungary

CETIN Hungary was established by separation of telecommunication infrastructure from Telenor Hungary (rebranded to Yettel in March 2022) in July 2020.
As of March 2024, PPF Group held 25% stake in CETIN Hungary through TMT Hungary Holdco B.V., a company outside the perimeter of PPF Telecom Group B.V.

Financial results

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www.yettel.hu

Yettel Hungary

Yettel Hungary offers mobile services to both consumer as well as business customer segments, on both prepaid and contract bases.&nbsp;
e&amp; PPF Telecom Telecom Group’s share in Yettel Magyarország Zrt. is 100%.

In 2018, the Group agreed to purchase Yettel’s assets in Central and Eastern Europe. After obtaining the necessary regulatory approval, the transaction was settled at the end of July 2018. Following the closing of said transaction, the Group became the sole owner of Yettel’s assets in Hungary, Bulgaria, Montenegro, and Serbia. Yettel has been active in Central and Eastern Europe for 25 years. It entered the Hungarian market in 1994 as local operator Pannon.
 Country Manager: Igor Přerovský

Yettel Hungary, the second largest mobile telecommunications provider in Hungary by both revenue and subscriber market share, is a pioneer in mobile broadband technology in Hungary and among the best 10 4G LTE networks worldwide.&nbsp;

Country facts

Operational results

Yettel Hungary 

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Yettek BG

www.yettel.bg

Yettel Bulgaria

In Bulgaria, Yettel connects over 3 million users with people, devices, and businesses. With a network of more than 180 stores, Yettel ensures convenient access across the country, while its award-winning mobile network reaches over 99% of the population. Yettel’s network has also been recognized with nine Best in Test certificates by the independent benchmarking organization umlaut, setting a standard for excellence in coverage and reliability.
As the first and only telecom in Bulgaria to be certified as a Top Employer, Yettel demonstrates its commitment to high-quality employer practices and policies, ensuring a supportive environment for employees and outstanding service for customers.
e&amp; PPF Telecom Group’s share in Yettel Bulgaria EAD&nbsp;is 100%.
In 2018, the Group agreed to purchase Yettel’s assets in Central and Eastern Europe. After obtaining the necessary regulatory approval, the transaction was settled at the end of July 2018. Following the closing of said transaction, the Group became the sole owner of Yettel’s assets in Hungary, Bulgaria, Montenegro, and Serbia. Telenor has been active in Central and Eastern Europe for 25 years. In 2013, Yettel entered the Bulgarian market by acquiring Globul.
Country Manager: Bogdan Uzelac

Bulgaria

Yettel Bulgaria is the largest mobile telecommunications provider in Bulgaria by revenue and second largest by subscriber market share with more than 3.2 million active users.

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Yettel Serbia

Yettel Serbia’s mobile network has the widest coverage in Serbia, with the best network performance in the country and the best perception as measured by NPS. In 2025, Yettel acquired Serbia Broadband, a leading fixed broadband and Pay TV provider.&nbsp;
e&amp; PPF Telecom Group’s share in Yettel d.o.o. is 100%.
In 2018, the Group agreed to purchase Yettel’s assets in Central and Eastern Europe. After obtaining the necessary regulatory approval, the transaction was settled at the end of July 2018. Following the closing of said transaction, the Group became the sole owner of Yettel’s assets in Hungary, Bulgaria, Montenegro, and Serbia. Yettel has been active in Central and Eastern Europe for 25 years. &nbsp;Yettel extended its reach to&nbsp; Serbia in 2006 by acquiring company Mobi63.
Country Manager: Mike Michel

Serbia

Yettel Serbia offers mobile, fixed broadband, Pay TV, and voice services to both consumer and business customer segments, on prepaid as well as contract basis.

STEMpowered by CETIN launches fourth season

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The program combines mentoring, soft skills development, workshops, career talks, institutional visits and hands-on experiences with CETIN experts. Throughout the school year, participants are supported by CETIN employee volunteers and gain first-hand exposure to both the technology sector and future career opportunities.
The program has already received several professional recognitions. In 2025, STEMpowered by CETIN won the HRBEST Silver Award in the Future Builders category and was selected as a finalist at the HRKomm Awards.
Following three successful seasons, applications are now open for the fourth season of STEMpowered by CETIN, continuing its mission to inspire and support the next generation of women in STEM.

Yettel Is Serbia's Best Mobile Network in All Three Tests

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According to Ookla®’s results, Yettel has the fastest and best mobile network in Serbia. Yettel also received the P3 Test Champion award for the best overall network performance in Serbia. In addition, umlaut named Yettel Best in Test for having Serbia’s best mobile network for the tenth consecutive time, as well as the country’s best fixed network.
Ookla®, umlaut, and P3 use independent methodologies based on real-world customer experience.

e& PPF Telecom Group publishes its 2025 ESG report

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In 2025, the Group reached 100% renewable electricity across all operations. This contributed to a 91% reduction in Scope 1 and 2 emissions and a 28% reduction in Scope 3 emissions against the 2022 base year, keeping its SBTi-validated 2030 targets within reach.
Other highlights include more than 64 tonnes of e-waste kept out of landfill, zero work-related fatalities, 75% average 5G population coverage, and a supplier ESG programme now covering more than 2,500 suppliers. 
The full report is available <a href="https://www.datocms-assets.com/56100/1786708393-20260817_eand_ppf_telecom_group_2025_sustainability_report.pdf">here</a>.

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In response, as part of the company’s energy-saving efforts, Yettel Hungary introduced a mandatory one-week home office for all employees whose roles allow remote work - including the entire customer service team. This allowed Yettel to temporarily close its office building in Törökbálint. The company also temporarily switched off the digital TV displays in its shops during the affected period.
This move reduced energy consumption at the mobile operator’s headquarters in Törökbálint and across its retail network for as long as the extreme weather conditions required. By joining the nationwide call for energy conservation, the company also supported the responsible use of energy in Hungary. The measures did not affect the continuity of mobile services, which remained fully operational throughout the period.

Yettel Hungary joined nationwide effort to support the stability of Hungary’s electricity supply during unprecedented weather events

Yettel Hungary joined nationwide effort

Yettel Hungary supports the stability of Hungary’s electricity supply

Yettel Bulgaria prevents nearly 160 tons of e-waste

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This success was driven by retail collection points, recycling old company equipment, and repairing customer devices.
Reducing e-waste has been Yettel's cause since 2008, when the company equipped all of its stores with special points for handing over end-of-life devices and batteries. The telecom focuses its efforts in two main areas – extending the life cycle of devices and raising awareness about e-waste.

Yettel Bulgaria prevents nearly 160 tons of e-waste from entering landfills, reaching its target two years early

Children coded for a safer Internet at the fourth Future Kids Hackathon

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Last weekend, at the Šumice Sports Center in Belgrade, more than 230 participants worked on the theme "Mission: Safe Click", developing technological solutions for safer internet use and demonstrating how digital skills can be applied to solving real-world challenges.
Using a variety of programming languages and tools - including Scratch, App Inventor, Python, and Unity 3D, as well as hardware platforms such as mBot and LEGO robots, the children created educational games, animations, and applications designed to tackle online safety issues.

Hackaton

The Yettel Ecosystem at the Supernatural Festival

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As part of the Yettel Ecosystem, visitors explored an exhibition of sculptures made from recycled materials by artist Viktor Kiš. Inspired by this year's festival theme, "New Earth," the exhibition creatively highlighted the importance of recycling, responsible resource management and environmental protection.
One of the festival's highlights was the unique "Frequency of Plants" performance by the DJ duo ZeroZero, where visitors experienced the sounds of plants. The performance transformed the bioelectrical impulses of plants into ambient music using sensors attached to leaves and connected to a synthesizer, with the rhythm and melody changing according to the plants' activity.
Younger visitors took part in Yettel's "Mini Ecosystem" workshop, where they explored nature, ecology and environmental protection through creative drawing activities.

Yettel Foundation supports Science Picnic, bringing together five thousand visitors

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Held under the slogan "Think Green," this year's Science Picnic introduced visitors of all ages to topics such as environmental protection, renewable energy, and sustainable living through dozens of workshops, hands-on experiments, and science demonstrations.
As part of the Innovation Zone, Yettel presented its "Green Hydrogen" exhibit, where visitors learned why hydrogen is considered one of the fuels of the future, how solar energy can be applied in everyday life, and even explored images of Earth captured by a weather balloon at an altitude of 26 kilometers.

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A key lesson of the programme has been that teachers, rather than technology itself, are the main drivers of digital transformation in schools. Consequently, ProSuli has prioritised teacher training, with thousands of educators completing accredited and specialised courses, including the “Artificial Intelligence in Education” programme. ProSuli’s base relies on our SafeNet trainings. Teachers and students get a guideline how to choose their digital paths. Our SafeNet trainings are not only the foundation of digital education but also the AI activities.
Robotics has also become a major element of ProSuli, expanding from a small pilot project to one of Hungary’s largest educational robotics competitions. Beyond technical skills, the programme promotes creativity, problem-solving, teamwork, and project-based learning, while providing top-performing students with opportunities to compete at international events such as Robotex.

Yettel Hungary’s ProSuli programme has been supporting the development of digital education in Hungary for 10 years

Yettel Hungary’s ProSuli programme

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