MTel acquires systems integration specialist

10 Feb 2009

Hungary’s dominant telecoms operator Magyar Telekom (MTel) has purchased a 100% stake in systems integration and infrastructure support company KFKI Direkt. In a statement to the local stock exchange, MTel said the purchase price for the company is HUF300 million (USD1.35 million) plus a one-off payment of up to HUF100 million depending on KFK1 Direkt’s financial performance in 2009. The smaller company generated EBITDA of about HUF200 million in 2008 on revenues of HUF1.5 billion. The transaction is expected to be completed in the second quarter of 2009.

Hungary,Magyar Telekom,



Have feedback, corrections, or story ideas? Send them to

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
  • Regulators

Learn more about advertising on CommsUpdate.