Magyar Telekom’s mobile concession contract renewed for Ft 10 bln
Magyar Telekom, the leading Hungarian telecommunications service provider, announced that the it has renewed its mobile concession contract for use of the 900 MHz frequency band that expires on November 4, 2008 for an additional term of seven and a half years, according to an agreement with the Ministry of Economy and Transport.
At the same time, Magyar Telekom agreed to carry out large-scale investment projects to further increase mobile broadband coverage. The lengthy negotiations between Magyar Telekom and the National Communications Authority acting on behalf of the Ministry of Economy and Transport have closed with success; the concession contract for use of the 900 MHz frequency band remains in force after November 4, 2008 for an additional term of seven and half years.
In addition to payment of the Ft 10 billion concession fee, Magyar Telekom has agreed to spend at least Ft 20 billion in the following two years on further increasing mobile broadband coverage in Hungary. The concession fee will be paid in Q4 2007. (bet.hu)
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.