Bloomberg News

Magyar Telekom Advances on Report Government to Limit Phone Tax

May 03, 2012

Magyar Telekom Nyrt. (MTEL), Hungary’s former phone monopoly controlled by Deutsche Telekom AG (DTE), gained after news website Index reported the government will impose monthly limits on a planned phone tax.

The shares rose 0.8 percent to 539 forint by 10:04 a.m. in Budapest.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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