During its 20 years of operation, Invitel has gone through a number of transformations. The company has obtained its current structure in the wake of the merger of numerous different telecommunications, ICT and cable television operators. Building on its predecessors’ experience going back several decades, as well as on its added values and stable ownership background, the company looks after more than 350 thousand residential and small business customers nation-wide.
The history of Invitel’s predecessors goes back to the times of ‘economic regime change’. In 1989, when Magyar Posta was split in three parts, telecommunications functions were reallocated to a new, dedicated company. On July 1, 1993 the Telecommunications Act came into force, which classified public telecommunications services as ‘concession services’. In February 1994, upon the announcement of the results of the regional concession application scheme, 12 stand-alone telephony companies were created, including the legal predecessors of Invitel.
- In 2001, through the acquisition of Digitel 2002, Déltáv, Jásztel and UTI – legal predecessors established in 1994 and operating as concession companies, the French-owned Vivendi Group was established.
- In July 2002 the legal predecessors merged into Vivendi Telecom Hungary Rt., which, in turn, was jointly acquired by investment companies GMT and AIG on May 13, 2003. Starting from September 2003, the company continued its operation under the name of Invitel Távközlési Zrt.
- In 2006 Invitel acquired Euroweb Zrt and Euroweb Romania S.A.
- In 2007, Hungarian Telephone and Cable Corp. (HTCC) of the US, owned by TDC A/S (Tele Denmark) obtained ownership of the company. As of December 31, 2007, the member companies of the extended Group (Hungarotel Zrt., PanTel Kft. and EuroWeb Zrt.) merged into Invitel, while Pantel Technocom Kft., currently Invitechnocom Kft., operates as a stand-alone legal entity to this day.
- Still in 2007, the Group also acquired Tele2 Kft, which turned Invitel into the country’s largest alternative network provider. After January 1, 2008, Tele2 continued its operation under the name of Invitel Telecom Kft., merging into Invitel in 2009.
- In 2008 Invitel acquired Memorex Telex Communications AG, headquartered in Vienna, as well as its foreign subsidiaries.
- In February 2009, the company’s operative management was transferred from HTCC to Invitel Holdings A/S, registered in Denmark. Starting from October 2009, Mid Europa Partners (MEP) gradually purchased the entire block of shares owned by TDC A/S (Tele Denmark), and ultimately, on July 5, 2010 MEP became the 100% owner of Invitel.
- At the end of 2010, Turk Telecom International acquired Invitel’s international wholesale business unit and the Group’s foreign subsidiaries.
- In 2011 Invitel acquired the FiberNet Group, as a result of which Invitel entered the Hungarian residential cable market. As of September 30, 2011, FiberNet companies became part of Invitel.
- From July 2016 Invitel’s various business units were reorganised into stand-alone businesses. From this moment onwards, Invitel Távközlési Zrt. focussed on providing high-quality services to residential and small business customers, with Invitech Megoldások Zrt. offering professional services to midcorps, large corporations, as well as institutional and wholesale customers. The Group’s two pillars were supported by Invitel Központi Szolgáltatások Zrt. with its administrative services. In this organisational structure the ownership background did not change.
- In March 2017 China-CEE Fund obtained a controlling block of shares in Invitel Group. The fund is a key financial investor in the Central and Eastern European region. In addition to the Metropolitan University of Budapest acquired in late 2014, the Fund also has investments in the energy and pharmaceutical industries and other sectors in Poland, the Czech Republic, Slovenia and Bulgaria.
- As part of its extension strategy, in May 2018 DIGI Távközlési és Szolgáltató Kft. acquired Invitel Távközlési Zrt. From this point onwards Invitel has been operating as a member company of DIGI Group.