1989-1993
Matáv – the beginnings
Matáv Hungarian Telecommunications Company Ltd. was established on December 31, 1991, as the legal successor of an independent telecommunications company established in December 1989 with the demerger of Magyar Posta into three parts. Elek Straub was appointed CEO. The company remained 100% state-owned until the end of 1993.
Privatization tender
On 1 July 1993, the Telecommunications Act entered into force, which qualified public telephone, mobile telephone and public paging services as concession services. Thus, it was possible to announce the privatization tender of Matáv, which concerned both the acquisition of the national telephone concession right and the purchase of the shares of Matáv. According to the agreements signed on December 22, 1993, the MagyarCom consortium - consisting of Deutsche Telekom and Ameritech International telecommunications companies - became the owner of the national telephone concession and 30.1% of the increased share capital that was mandatorily transferred to Matáv.