Investor News

Budapest, December 8, 2011 15:00

Magyar Telekom (Reuters: MTEL.BU and Bloomberg: MTELEKOM HB), the leading Hungarian telecommunications service provider announces that today it filed an auction bid with the National Media and Infocommunications Authority  for unused spectrum  in the 900 MHz frequency band, relating to the provision of radio communications services.

On August 4, 2011, the Office of the National Media and Infocommunications Authority, Hungary announced an auction for the right of use of a total amount of 10.8 MHz of unused spectrum in the 900 MHz frequency bands. The spectrum can be utilised in a technology-neutral manner, allowing for the installation and operation of GSM, UMTS, LTE and/or WiMAX mobile networks. The filing date of auction bids was December 8, 2011. The Authority disclosed that it plans to conclude the auction process on January 31, 2012.

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