MTel to acquire ISP and cableco Modultechnika

7 Jul 2010

Hungary’s dominant telecoms operator Magyar Telekom (MTel) has agreed to acquire local cable TV and internet service provider (ISP) Modultechnika for around HUF1.5 billion (USD6.7 million) in cash, Bloomberg writes. Deutsche Telekom-backed MTel hopes to close the transaction in Q3 2010 it said in an e-mailed statement. Modultechnika is a regional service provider operating in western Hungary. MTel says the purchase will give it access to the unit’s ‘up-to-date cable TV infrastructure in areas in which Magyar Telekom currently does not provide fixed line services on its traditional network’, including Ajka and the surrounding environs.

Hungary,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