MVM to develop, operate govt electronic backbone network
An extraordinary general meeting of the state-owned Hungarian Electricity Works (MVM) on Friday decided the company would develop and operate the electronic backbone network for the government, MVM communications director György Felkai told MTI.
By taking on the task of developing and operating the network, MVM will take a "significant role" on the telecommunications market, Felkai said.
The general meeting also decided MVM would buy out a minority stake from Euroinvest in Bakonyi Villamos Művek Termelő, which owns Hungary's first peaking power plant.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.