Bloomberg News

Hungary Awards 4th Mobile Frequency to State Consortium

January 31, 2012

Jan. 31 (Bloomberg) -- Hungary has awarded the country’s fourth mobile frequency to a state consortium composed of Magyar Villamosmuvek Zrt., Magyar Posta Zrt., and Magyar Fejlesztesi Bank Zrt., the country’s media authority said.

Deutche Telekom AG’s Magyar Telekom Nyrt. and the local units of Telenor ASA and Vodafone Group PLC. also won frequency blocks that can be used to increase the capacities of the already present mobile operators, the media authority said in a statement distribued to reporters in Budapest today.

Hungary’s media authority was offered a net total of 43.9 billion forint ($197 million) from the four bidders, the media authority said.

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

To contact the editor responsible for this story: Zoltan Simon at zsimon@bloomberg.net


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