ADVERTISEMENT

Beltáv subscribes NordTelekom capital raise

Telco

Hungary's NordTelekom on Monday said it raised registered capital by HUF 170m through a private placement subscribed by telco Beltáv.

NordTelekom said earlier its shareholders mandated the board to raise capital through the issue of new shares and use at most HUF 200m of the proceeds to acquire Beltáv.

Nordtelekom had after-tax profit of HUF 5m on revenue of HUF 264m in 2010.

The company had net assets of HUF 243m at the end of 2010.

 

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.