Magyar Telekom EGM grants approval to merger with subsidiary

Telco

The shareholders of Hungary's leading telecom service provider Magyar Telekom Rt granted approval for the company's merger with its mobile telephony unit T-Mobile Magyarország Rt, Magyar Telekom announced. The merger will take effect when it is registered by a court. Magyar Telekom will be the legal successor of T-Mobile Magyarország. The merger was proposed by the board of Magyar Telekom on Oct. 6, after which the IT and Telecommunications Ministry, along with other authorities and ministries, said they saw no reason to prevent the merger. In an earlier announcement, Magyar Telekom said T-Mobile would continue to operate as an independent brand and division within the company.

ADVERTISEMENT

CIG Pannónia Board Proposes HUF 18-per-share Dividend Figures

CIG Pannónia Board Proposes HUF 18-per-share Dividend

Hungarian Lawmakers Ratify Finland's NATO Accession Parliament

Hungarian Lawmakers Ratify Finland's NATO Accession

IBS Reaches 50-50% Gender Ratio in Management HR

IBS Reaches 50-50% Gender Ratio in Management

Sümeg Castle Reopens History

Sümeg Castle Reopens

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.