Strategic agreement with Telenor announced

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The Hungarian government has entered into its 32nd strategic agreement with a private company, as Prime Minister Viktor Orbán yesterday signed such a deal with Norway-based telecommunications company Telenor.

Telenor executive VP Kjell-Morten Johnsen represented his company at the opening of its new shared services center (SSC).

Orbán stated that Telenor senior management and the Hungarian government “welcome any proposal that would contribute to the growth of the Hungarian economy, thereby generating more tax revenue as this will allow us to proportionally reduce those burdens specifically hitting this sector.”

Telenor enjoys a 31.4% share of the Hungarian telecom market, employs over 1,200 in the country and reported revenue of HUF 158 billion for 2012.

For those keeping score at home, the list of companies having signed such an agreement with the sitting government includes Coca-Cola, Alcoa, Daimler, Suzuki, Hankook, General Electric, Microsoft, Stadler Rail, Tesco, IBM, Tata Consultancy Services, Nokia Siemens, National Instruments, Audi, Jabil Circuit, Continental, Dalkia, Lego, Teva, Sanofi, Bridgestone, Siemens, Denso, Ericsson, Bosch, Gedeon Richter, Waberer's, Huawei Technologies, Linamar, Tata Consultancy and CG Electric.

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