Pursuant
to an agreement between MATÁV and Hungária Biztosító (Hungária
Insurance Company), the insurance company has acquired a controlling
interest in MATÁVkábelTV Kft, the cable television company which, till
now, has been held exclusively by MATÁV.
Hungária Biztosító acquires controlling interest in MatávkábelTV Kft
1999. 08. 30. 00:00:00
Budapest,
Following conclusion of the agreement, Hungária Biztosító holds 75% of the voting rights in MATÁVkábelTV Kft.
When making a decision on the mutually beneficial cooperation, the two
parties were inspired by different goals, of course. MATÁV came to the
decision with an aim to ensure that MATÁVkábelTV Kft. can continue to
provide high standard services at favorable prices to all of its
customers and expand its market, and that all these can be done by the
company in full conformity with the current legislation.
Hungária Biztosító Rt. bought out the ownership interest in MATÁVkábelTV Kft. as a profitable financial investment.
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