MTel to delay investment as market volatility continues, CEO says

Hungarian telecoms operator Magyar Telekom (MTel) may have to delay its investment plans, group CEO Christopher Mattheisen said Thursday, amid ongoing volatility in the market. Dow Jones Newswires quotes Mattheisen as saying ‘I’m trying… I’m forced to delay investments as much as I can’, although it is believed the Deutche Telekom-backed telco is looking to sharpen its focus on cash flow, switching from an earlier focus on EBITDA.