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HTCC announced delay in its Q1 report

Hungarian Telephone and Cable Corp. announced that due to the recent changes in management and the recent appointment of its independent auditor, the company will delay the announcement of its financial results for the.

Hungarian Telephone and Cable Corp. (HTCC), the leading alternative fixed line telecommunications service provider in Hungary with a presence in other countries in Central and Eastern Europe, announced today that due to the recent changes in its executive management and the recent appointment of PricewaterhouseCoopers Kft as its independent auditor, HTCC will delay the announcement of its financial results for the Q1 2007 and the filing of its Quarterly Report on Form 10-Q with the SEC. HTCC expects to announce its financial results, and file its report with the SEC, on or before May 15, 2007. HTCC expects that future reports will be filed in a timely manner.