Magyar Telekom said it signed an agreement in 2014 on the construction of an optical fiber network and in 2015 to lease it for 12 years from Cecoin Kft. The company currently serves 38,000 customers through this network. With the transaction, Telekom can boost its efficiency by reducing its lease fee payments.
The closing of the transaction is subject to notification to and acknowledgment by the relevant authority, Magyar Telekom said.
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