Magyar Telekom Group acquires cable network in South Hungary

Magyar Telekom’s 100% owned subsidiary, T-Kábel Magyarország Kft. has signed an agreement to buy the 100% equity stake of Dél-Vonal Kft.

Budapest,

Dél-Vonal Kft. owns cable networks in other LTO areas in Békés and Csongrád counties; there are around 3,800 cable TV and 500 cable broadband subscribers on its network. The purchase price of the equity stake is less than half a billion forints and the transaction is expected to close in August 2008.

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