Investor Releases
Magyar Telekom to exploit international voice wholesale traffic synergies with Deutsche Telekom
December 3, 2007
Magyar Telekom (Reuters: NYSE: MTA.N, BÉT: MTEL.BU and Bloomberg: NYSE: MTA US, BÉT: MTELEKOM HB), the leading Hungarian telecommunications service provider, announces that Magyar Telekom and Deutsche Telekom will combine their international voice wholesale business under the responsibility of Deutsche Telekom as of 1st of January 2008.
According to the agreement, Deutsche Telekom will be the exclusive partner of Magyar Telekom for international voice carrier services from 1st of January 2008. The integration includes the aggregation of trading, commercial and technical routing, optimization of network and integration of switches. Although consolidation of the international voice businesses will result in some transit traffic fallout at Magyar Telekom, reduced network, switching and headcount costs will drive further efficiency improvement.