Bloomberg News

Magyar Telekom Falls as Hungary Economic Sentiment Deteriorates

May 29, 2012

Magyar Telekom Nyrt., the Hungarian unit of Deutsche Telekom AG (DTE), fell the first time in three days as Hungary’s economic sentiment index slid the most since 2008.

The shares fell 1.2 percent to 431 forint by 1:13 p.m. in Budapest. The sentiment index dropped to minus 24.9 from minus 19.3 in April as business and consumer moods turned “deeply pessimistic,” the GKI research institute in Budapest said today in an e-mailed statement.

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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