The Hungarian telco Matav (Magyar Telekom) has formally signed an agreement to acquire a 51.12% stake in Telekom Montenegro. As reported last week, the privatisation council of the Republic of Montenegro approved Matav’s EUR114 million bid and recommended to the government that the deal should go ahead. Matav has announced that it has also agreed the purchase of an additional 15.97% stake in Telekom Montenegro for EUR17 million from existing investors. The Hungarian telco is eventually hoping to take full control of its new subsidiary and has promised to invest EUR67.28 million in the company over the next five years.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors