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Magyar Telekom sells stake in Montenegrin telco to lower leverage and focus in-market

Connectivity BusinessbyConnectivity Business
January 10, 2017
in Investments, Space Services
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Hungary-based Magyar Telekom has sold its majority stake in Montenegrin telco Crnogorski Telekom to Croatia’s Hrvatski Telekom to cut debt and refine its domestic focus. Deutsche Telekom-controlled Magyar Telekom agreed to sell its 76.53% stake in the telco for €123.5m (US$130.7m), and the deal is expected to be completed by the end of January 2017. Hungary-based Magyar Telekom (OTC:MYTAY) has sold […]

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Tags: BerenbergCrnogorski TelekomEuropeMagyar TelekomPremiumT-Hrvatski TelekomTF252
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