Hungarian government increases its stake in MTel to over 5%

9 Nov 2011

Portfolio.hu reports that the country’s Pension Reform and Debt Reduction Fund (known locally as Nyugdijreform es Adossagcsokkento Alap) has increased its equity stake in national PTO Magyar Telekom (MTel), as a result of which the state now holds more than 5% of the carrier. The online journal writes that on 7 November, Hungary’s Government Debt Management Agency (AKK) notified MTel that as a result of its share acquisition on that date, the number of MTel shares owned by the Fund increased to 52,987,673 and thus its voting rights in Magyar Telekom Plc increased to 5.0816%.

Hungary, Magyar Telekom