LONDON--(BUSINESS WIRE)--Magyar Telecom B.V. (“Matel B.V.”) is pleased to announce the appointment of David Blunck as CEO of its operating subsidiary Invitel Zrt. (“Invitel”), effective today.
Mr. Blunck, 48, has served as Invitel’s CFO since September 2012, and previously held senior finance roles in the telecommunications, finance and aviation sectors in Europe and the United States. Mr. Blunck has dual Hungarian-US citizenship and is a fluent Hungarian speaker.
“I am very pleased to have the opportunity to lead the Invitel team as we continue our successful transition to a TV-led bundled service provider in our Residential business and an IT services-led multi-service provider in our Corporate business,” Mr. Blunck said.
Nikolaus Bethlen, Chairman, expressed his gratitude to departing CEO David McGowan, adding: “Thanks to David McGowan’s leadership, Invitel is on a path to operational excellence and financial stability. With David Blunck as CEO, Invitel’s experienced management team is well-placed to build on successes achieved to date.”
ABOUT MAGYAR TELECOM B.V.
Magyar Telecom B.V., through its subsidiary, Invitel is one of the leading service providers in the Hungarian telecommunications market, offering a broad portfolio of services for residential and business customers. Residential products include a variety of multimedia and entertainment services such as interactive, digital and High Definition television, fast internet offerings and telephony services. Business solutions include the most up-to-date ICT and cloud-based IT solutions, in addition to voice and data services, all using Invitel's nationwide fiber-optic backbone network. Invitel is headquartered in Budaörs, with customer touch points throughout Hungary.