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Competition Office clears establishment of JV by frequency winners

Competition

Hungary's Competition Office (GVH) on Thursday cleared the establishment of a joint venture by a consortium of state-owned companies to take over a mobile telecommunications frequency.

GVH approved the establishment of MPVI Mobil by a consortium of postal company Magyar Posta, the Hungarian Electricity Works (MVM) and the Hungarian Development Bank (MFB). The consortium was announced the winner in January of the biggest block -- 5MHz -- offered in an auction of the 900MHz band. Hungary's three existing mobile telecommunications service providers --Magyar Telekom, Telenor Magyarország and Vodafone Magyarország -- also won frequency blocks in the auction.

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