Press Releases

Budapest, June 16, 1999

Yesterday, Parliament passed the amendment of the Telecommunications Act and thereby considerably narrowed the cable TV market opportunities of concessionary telecommunications companies. In Matáv's opinion, this amendment excluded from the cable TV market precisely the only company that would have had the chance to create a real competitive environment.

In the opinion of MATÁV, the new regulation will cause the greatest loss for customers because considerable investments and developments planned by MATÁV will not be implemented and thus consumers will be deprived of high quality, up-to-date services. Those who assume that the amendment will result in falling prices in the cable television market are mistaken.

In the following days, MATÁV will assess what it can do in the new situation within the frames of legal provisions.