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X-Byte becomes direct Matáv subsidiary

Incumbent fixed-line phone company Matáv Rt will purchase X-Byte Kft from its subsidiaries, the company said in a statement on the website of the Budapest Stock Exchange (BÉT) today. Matáv will acquire 99% of X-Byte from its wholly owned subsidiary BCN Systems Kft, while the remaining 1% will be purchased from Safecom Rt, 100% of which is also indirectly held by Matáv.