MT continues inquiry into subsidiary’s contracts, improves control procedures

22 Dec 2006

Hungary’s dominant telecoms operator Magyar Telekom (MT) is continuing to probe several ‘suspect’ contracts worth an estimated HUF2 billion (USD10.5 million), signed by its 76.53%-owned fixed line unit in Montenegro, Telekom Montenegro (Telekom Crne Gore, TCG), and has put in place remedial measures to improve its control procedures. The investigation was launched in February this year after MT’s auditor indicated it had issues with some consultancy contracts signed by TCG.

Hungary, Montenegro,Crnogorski Telekom, Magyar Telekom,

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share