Budapest, October 25, 2005 16:20

A contract on outsourcing Magyar Telekom's Transportation Directorate was signed on Tuesday in Magyar Telekom's headquarters in Budapest by representatives of Magyar Telekom and MKB-Euroleasing Autópark Rt. The contract will enter into force on November 1.

Magyar Telekom expects the outsourcing to result in the medium term in about twenty percent improvement in the efficiency of its transportation-related business activities. MKB-Euroleasing Autópark Rt., the selected outsourcing partner already possesses references connected with Magyar Telekom because they manage part of T-Mobile Hungary's vehicle fleet. According to the contract entering into force on November 1, 83 Magyar Telekom employees will be taken over by MKB-Euroleasing Autópark Rt. to manage the transportation services provided so far in-house.

The contract signed today on the provision of services connected with the operation of more than two thousand vehicles used by Magyar Telekom and some of its subsidiaries is unique in Hungary because this is the largest vehicle fleet outsourced in Hungary so far. In connection with today's agreement, from next year Magyar Telekom intends to procure its new vehicles through leasing also in cooperation with the MKB-Euroleasing Group.