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Magyar Telekom acquires Mobilpress

Magyar Telekom Nyrt the leading Hungarian telecommunications service provider, announced at the Budapest Stock Exchange (BÉT) web site that it closed the transaction to acquire a 100% stake in Mobilpress.

Mobilpress is one of the leading Hungarian mobile content producers and aggregators. On December 13, 2006, Magyar Telekom Nyrt concluded an agreement to buy Mobilpress. With the acquisition Magyar Telekom reinforces its leading position in the mobile content and enhanced services segments. (