Press Releases

Budapest, October 1, 2009 14:00

In compliance with the resolutions passed by the Extraordinary General Meeting of Magyar Telekom on June 29, 2009, the legal merger of T-Kábel Magyarország Kft (T-Kábel) and Dél-Vonal Kft (Dél-Vonal) into Magyar Telekom Nyrt. was completed on September 30, 2009.

On August 31, 2009 the Court of Registration registered the merger and all the other changes based on the resolutions taken at the extraordinary shareholders' meeting of Magyar Telekom. As a result of the changes with effect October 1, 2009 Magyar Telekom Nyrt. becomes the general legal successor of T-Kábel and Dél-Vonal.

The registered and now effective merger represents an important new step in the process of integration of the Magyar Telekom Group which is focusing on improving service quality and customer care, as well as increasing efficiency and exploiting synergies.

As a result of the integration, from October 1, 2009 the equity of Magyar Telekom Nyrt. will be decreased by HUF 307,200 i.e. the nominal value of 3,072 shares. Consequently, the company's equity will be adjusted to HUF 104,274,254,300 (consisting of 1,042,742,543 Series 'A' registered shares of HUF 100 face value).

Magyar Telekom will fulfill the obligations and contracts of T-Kábel and Dél-Vonal and will continue to provide service in uninterrupted and unchanged form to customers under the T-Home brand. The subscriber contract terms and conditions will be automatically taken over and fulfilled by the legal successor Magyar Telekom from the date of the legal merger. The customers concerned will be directly informed in detail about the integration.

Since September 2008 the cable television services of the Magyar Telekom Group are available under the T-Home brand, this will not change either as a result of the merger. Up to date information on T-Home services is available on the www.t-home.hu website, on the 1412 toll-free customer service number and at the T-Pont shops or franchise partners.

About Magyar Telekom
Magyar Telekom is the principal provider of telecom services in Hungary. It provides a full range of telecommunications and infocommunications (ICT) services including fixed line and mobile telephony, data transmission and non-voice as well as IT and systems integration services. The business activities of Magyar Telekom are managed by two business units: Consumer services (the home-related services brand T-Home and the mobile communications brand T-Mobile); Business services (T-Systems brand). Magyar Telekom is the majority owner of Makedonski Telekom, the leading fixed line and mobile operator in Macedonia and it holds a majority stake in Crnogorski Telekom, the leading telecommunications operator in Montenegro. Magyar Telekom's majority shareholder (59.21%) is MagyarCom Holding GmbH, fully owned by Deutsche Telekom AG.
For further information visit www.telekom.hu.