Press Releases

Budapest, March 5, 2014 15:30

Magyar Telekom announces that its subsidiary, Crnogorski Telekom A.D. Podgorica, has held its Shareholders Assembly today and made a decision on share capital reduction in a total amount of EUR 17.1 million (around HUF 5.3 billion at the March 4, 2014 HUF/EUR exchange rate of 311.9).

Share capital reduction in the amount of EUR 17.1 million was approved (from EUR 141.0 million to EUR 123.9 million) and funds obtained as a result of share capital reduction will be distributed to the shareholders. Magyar Telekom, which has a 76.53% stake in the company, is entitled to a payment of approximately EUR 13.1 million (HUF 4.1 billion).