Our Owners

CETIN Hungary Zrt. is owned by TMT Hungary Infra B.V. (100%), which is owned by CETIN Group N.V. (75%), and TMT Hungary Holdco B.V. (25%), a company belonging to PPF Group.

CETIN Group N.V. is a joint venture between PPF Telekom Group B.V., a company belonging to PPF Group, an international investment group established in the Czech Republic in 1991 (70%), and Roanoke Investment Pte Ltd (30%), a company belonging to the GIC, Singapore sovereign wealth fund.

About CETIN Group



CETIN Hungary is part of the CETIN Group. CETIN Group and its companies are providers of fixed and mobile telecommunications infrastructure and complex broadband services. CETIN Czech Republic was formed in 2015 after a successful structural separation of the O2 Czech Republic. In 2020, a similar separation of retail and infrastructure business of three Telenor branded operators occurred in Hungary, Bulgaria, and Serbia, making the CETIN Group one of the CEE’s largest providers of telecommunications infrastructure and services. CETIN Group is part of the international investment group PPF.

About PPF Group

CETIN Hungary is part of the CETIN Group. CETIN Group and its companies are providers of fixed and mobile telecommunications infrastructure and complex broadband services. CETIN Czech Republic was formed in 2015 after a successful structural separation of the O2 Czech Republic. In 2020, a similar retail and infrastructure business separation of three Telenor branded operators occurred in Hungary, Bulgaria, and Serbia, making the CETIN Group one of the CEE’s largest telecommunications infrastructure and services providers. CETIN Group is part of the international investment group PPF.PPF Group is an international investment group founded in 1991 in the Czech Republic. The organisation invests in multiple market segments such as financial services, biotechnology, mechanical engineering, and telecommunications.

PPF Group is present in 25 different countries spanning Europe, USA, and Asia. As of 31 December 2023, PPF Group owned assets worth over EUR 43 billion and globally employed almost 55,000 people.  

The PPF Telecom Group is a leading telecommunication player in Central and Eastern Europe. Through acquisition and consolidation, the Group portfolio comprises five mobile operators, a convergent telco operator, and 4 infrastructure operators. CETIN Bulgaria, CETIN Hungary,
CETIN Serbia, O2 Czech Republic, O2 Slovakia, Yettel Hungary, Yettel Bulgaria, and Yettel Serbia all fall within the PPF Telecom Group portfolio and play a key role in PPF’s commitment to being a long-term, mid-sized telecommunications owner in the CEE region.

PPF Group has numerous corporate social responsibility projects in the countries where it operates, focusing its support on three areas in particular: education, arts, and science.

PPF Group in numbers

1991

Founded in Czechia

25

Countries

55K

Employees

43B

EUR worth of Assets