Bloomberg News

Magyar Telekom Falls Most in Two Weeks on Prices: Budapest Mover

July 12, 2012

Magyar Telekom Nyrt., Hungary’s former phone monopoly controlled by Deutsche Telekom AG (DTE), fell the most in more than two weeks after announcing that it will increase prices as a result of “unfavorable economic and market processes.”

The shares declined 2.5 percent to 431 forint by the end of trading in Budapest, the biggest decline since June 25 and extending the drop this year to 17 percent.

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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