Hungarian fixed line incumbent Magyar Telekom (MT) has announced plans to buy out its partner IKO Production and purchase 100% stakes in domestic media content firms IKO New Media and IKO Content and Rights, Reuters reports. MT is looking to become a leading player in the interactive mobile services segment and in a regulatory filing said it would separate the activities of the holding company operated by itself and IKO Production. Under the deal, MT will buy the holding company, which owns IKO New Media, IKO Content and Rights, and a 31% stake in Hungary’s leading commercial television channel M-RTL, a unit of Luxembourg-based RTL Group.
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