Magyar
Telekom has signed agreements to acquire MobilPress and MFactory, two
service providers in the mobile multimedia and content market for HUF 1
bn. The transaction will enable the Magyar Telekom Group to enhance its
presence in the mobile content business and develop a multi-channel
multimedia service centre to capture opportunities in this growing
segment.
Magyar Telekom enhances multimedia and content competencies
2006. 12. 13. 16:30:00
Budapest,
Magyar Telekom Plc has agreed to acquire a 100% stake in MobilPress and
a 75.05% stake in MFactory for a combined purchase price of HUF 1 bn.
In addition, the company also has an option to increase its stake in
MFactory to 100% from 2009.
MobilPress is one of the major
Hungarian mobile content providers and manages, among others, the
t-zones portal. MFactory is one of the leading Hungarian mobile
content producers and aggregators. The combined revenue of the
companies in 2006 is anticipated to be around HUF 1.8 bn with an EBITDA
of HUF 120 m.
The MobilPress transaction is subject to the approval of the Hungarian Competition Authority.
Contacts
Press Contacts
Corporate Communications Directorate
