Press Releases

Budapest, April 5, 2006 14:00

Magyar Telekom closed today the transaction to acquire Dataplex, a company operating in the Hungarian IT services market. The financial closing of the transaction was carried out on April 5, 2006 after having obtained the approval of the regulatory authority (Hungarian Competition Authority).

On December 13, 2005 Magyar Telekom concluded an agreement to buy a 100% stake in Dataplex Kft. for HUF 5.113 billion. The financial closing of the transaction was carried out on April 5, 2006 after having obtained the approval of the regulatory authority (Hungarian Competition Authority).

No change was made in Dataplex's management and business operations in connection with the closure of the transaction.

Dataplex is one of Hungary's IT services market players and it has reliable business operations, state-of-the-art infrastructure and highly qualified expert staff. In accordance with its mid-term strategic targets published in 2004, Magyar Telekom creates added value by the Dataplex acquisition due to expanding of the service portfolio. Our business service offers will be enriched with network solutions and value added products such as high-security storage and server hosting while we also exploit Group synergies in technical and other operating areas.