The MNB noted that BTel had failed to comply with disclosure rules several times earlier as well, however, BTel claimed that a loss of power that interrupted its service country-wide for 22 hours was the result of a late payment. The announcement came following the National Bank of Hungary ordering BTel to explain press reports on the service stoppage.
After the latest such failure, a week ago, the Budapest Stock Exchange’s chief executive decided to remove BTel’s shares from the bourse’s main BUX and BUMIX index because of the shortfalls.
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