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T-Mobile to merge with parent company

The board of Magyar Telekom Rt has decided on the future of T-Mobile: T-Mobile will merge with the parent company, Magyar Telekom, and will no longer be an independent statutory entity. The reorganization was the idea of the Hungarian board of executives and it was supported by the ultimate parent company, Deutsche Telekom. With the help of the transaction According to the forecasts Magyar Telekom's sales revenue will grow by 5%, resulting in an increase of Ft 30 billion within one year. Due to the merger subscribers will be able to decide how much they want to spend on fixed line and mobile services. Though no official statement has been made regarding the effect of the restructuring on the number of employees, the group's new strategy accepted last year outlines a reduction of 30%. (NG 1, 3, Nv 14) Fr.Sz.