The Hungarian Competition Office prohibits a merger in the telecommunications sector (MATÁV/JÁSZ-TEL)

"HUNGARY : MATÁV / JÁSZ-TEL"* The Hungarian Telecommunication joint stock company (hereinafter: MATÁV) notified to the Competition Office its intention of acquiring control over JÁSZ-TEL Telecommunications Developing and Servicing joint stock company (hereinafter: JÁSZ-TEL) by buying 95 per cent of its shares. Activities of the Parties The main activity of MATÁV is operating public wired telephone services, and it has controlling right over 11 further undertakings (10 of them supporting MATÁV's operation and another one is a mobile phone operator). Its net turnover of the previous business year was more than HUF 200 billion. The majority shares of MATÁV is owned by MagyarComthat is controlled jointly by Ameritech and Deutsche Telecom. JÁSZ-TEL is a local operator of public wired phone

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  • Hungarian Competition Authority (Budapest)

Quotation

Gizella Gyorki, The Hungarian Competition Office prohibits a merger in the telecommunications sector (MATÁV/JÁSZ-TEL), 3 November 1998, e-Competitions Bulletin Prohibited mergers, Art. N° 39346

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