Brief: Magyar Telekom wins tender for frequency usage -statement

Magyar Telekom Telecommunications Public

28/01/2021 15:03

Jan 28 (Reuters) - Magyar Telekom Tavkozlesi Nyrt  MTEL.BU 
says in emailed statement:
    * HAS WON RIGHTS TO USE FREQUENCY BLOCKS IN 900MHz AND
1800MHz
TENDER 
    * WILL PAY TOTAL PRICE OF HUF 44.28 BLN FOR THESE FREQUENCY
BLOCKS
    * PAYMENT EXPECTED TO BE DUE IN Q1 2022
    * PRESENT VALUE OF THIS LIABILITY EXPECTED TO BE BOOKED IN
Q1 2021
    * PRESENT VALUE OF FUTURE BAND FEES RELATED TO THE
ACQUISITION OF
THESE FREQUENCY BLOCKS IS TO BE BOOKED IN IN Q1 2021 IN THE
AMOUNT OF AROUND 39.5 BILLION FORINTS  

Further company coverage:  MTEL.BU 

 (Reporting by Krisztina Than)