Magyar Telekom, the leading Hungarian telecommunications service provider today announced that it has sold its 72% stake in Cardnet Zrt for a purchase price of above Ft 300 million plus the proportionate dividend for 2006. Cardnet’s main activity is the sale and maintenance of Point of Sales terminals. In 2005, the company reported revenues of Ft 331 million and an EBITDA of Ft 32 million. The disposal of this stake is in line with Magyar Telekom’s efforts to focus on its core businesses. (bet.hu)
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.