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Latest Satellite News Discussion, Update Magyar Telekom exits RTL Klub at General Satellite News forum; Magyar Telekom exits RTL Klub April 30, 2008 12:42 BST The incumbent Hungarian telco Magyar Telekom is set to ...

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Update Magyar Telekom exits RTL Klub - 01-May-2008, 06:41

Magyar Telekom exits RTL Klub

April 30, 2008 12:42 BST

The incumbent Hungarian telco Magyar Telekom is set to become the countrys leading interactive mobile service provider and at the same time lose its interest in RTL Klub

This follows the companys decision to buy out its partner IKO Partner and acquire full stakes in IKO New Media and IKO Content and Rights.
The deal, which still has to receive regulatory approval, will also net the telco a HUF2 billion (7.92 million) fee for relinquishing its stake in M-RTL, which holds a 31% stake in RTL Klub, Hungarys leading broadcaster.
   
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