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Within only a few years, the telecommunication services market in Hungary has developed from the administration of a lack of necessities to a competitive environment within Western standards. Foreign investments into a limited number of fixed and mobile service providers contributed to reshaping the partially monopolistic market structures. For potential new market participants, the Hungarian telecommunications market has been a "Closed Shop” to date. In the future, however, competition will increase considerably. This is the result of a recent study of goetzpartners and Consolidus, which analyses the Hungarian telecommunications market in detail. Driven by stagnating or even falling penetration rates and continuous deregulation, fixed, mobile and even cable service providers are forced to extend their activities beyond their traditional markets and to enter new ones with convergence and substitution products - and further intensify competition in these new segments.