Press Releases

Budapest, October 6, 2004 17:00

On October 6th, Matáv's Board of Directors authorized the company's management to sign a strategic co-operation agreement with T-Mobile International and T-Com, members of the Deutsche Telekom Group.

The main purpose of the agreement is to permit the exploitation of synergies within the Group. In the framework of the co-operation, T-Mobile International will support T-Mobile Hungary in mobile-specific issues, while T-Com will provide professional support to Matáv's fixed-line business. T-Mobile International will assist T-Mobile Hungary to learn further international expertise in the fields of mobile services, e.g. by giving guidance on products, pricing and branding issues as well as on distribution channels and sales promotion, and by providing professional training for T-Mobile Hungary's staff. Similarly, T-Com will allow Matáv to learn further international expertise in the fields of fixed-line services, e.g. by providing advice and guidelines in development of its domestic and international strategy as well as on marketing and sales, product development, innovations and distribution strategy.

Following their later signing, the co-operation agreements will come into effect on January 1st, 2005. They will not impact the ownership rights of Matáv in the governance of T-Mobile Hungary and will not amend either the Deed of Association of T-Mobile Hungary, or the rules of procedure of its Board and Supervisory Board. In addition to that, the agreements will not affect Matáv's scope of activities, ownership structure, Articles of Association or the rules of procedure of its Board and Supervisory Board.