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Article: Interfax Hungary Business Daily.
- Article from:
- Hungary Business Report Daily
- Article date:
- January 3, 2007
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COMPANY NEWS
Hungary's incumbent telco Magyar Telekom ups integrator T-Systems stake, inks deal with parent
BUDAPEST. JANUARY 2. INTERFAX CENTRAL EUROPE - Hungarian incumbent telco Magyar Telekom (MT) purchased Tuesday a further 2% of systems integrator T-Systems Hungary from T-Systems Enterprise Services GmbH, the systems integrator arm of its parent company Deutsche Telekom (DT), and says it will purchase a 100% stake by the end of the second quarter.
The HUF 60 mln (USD 320,000) transaction brings MT's stake in T-Systems Hungary to 51%.
"This strengthened cooperation will provide synergy opportunities to Magyar Telekom Group, [and] ...