T-Mobile & Magyar Telekom merger possibility
Friday, September 30, 2005, 13:19
András Sugár, ex-CEO of T-Mobile Co Ltd is hoping for state intervention in the case of the possible merger of T-Mobile and Magyar Telekom Rt, daily Magyar Hírlap said. As per Magyar Telekom's articles, the Hungarian state could prevent the merger of the two companies. However, as Miklós Bónis, analyst of Inter-Európa Bank claims, the consolidation would have no significant effect on individual shareholders and on the stockmarket as T-Mobile is owned by Magyar Telekom to one hundred percent. On the part of the administration there has been no comments so far but a source intimates that the question will not be dealt with until next year's budget is on the agenda.