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State-run consortium bags biggest frequency block at auction

A consortium of state-owned Magyar Posta, the Hungarian Electricity Works (MVM) and a unit of the Hungarian Development Bank (MFB) has successfully bid for a 5MHz frequency block in the 900MHz band at auction, making it the fourth player on Hungary’s mobile telecommunications market, the National Media and Infocommunications Authority (NMHH) said on Tuesday.

The three mobile telecommunications service providers until now, Magyar Telekom, Telenor Magyarorszag and Vodafone Magyarorszag, also won frequency blocks in the auction, NMHH said.

Bids at the auction came to HUF 43.9bn plus VAT, it added.