Bloomberg News

Hungary Boosts Ownership Stake in Magyar Telekom to More Than 5%

November 09, 2011

Nov. 9 (Bloomberg) -- Hungary increased the government’s stake in Magyar Telekom Nyrt., the country’s former phone monopoly controlled by Deutsche Telekom AG, to 5.08 percent, the company said in a statement on the website of the Budapest Stock Exchange late yesterday.

--Editors: James Kraus, Peter Branton

To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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