The Hungarian Competition Office approves the creation of a joint venture for mobile phone services (MPVI Mobil)

The newly established joint venture company, MPVI, which was approved by the HCO intends to provide mobile radio telephone services on the basis of its right to use a frequency use. The Hungarian mobile telephone market is currently dominated by three key players (Magyar Telekom, Telenor and Vodafone). Virtual service providers (so-called MVNOs) supported by the aforementioned service providers are also present in the market. Magyar Posta Zrt. (“Hungarian Post”) owns 10 per cent, Magyar Villamos Művek Zrt. (“MVM”) 45 per cent and MFB Invest Befektetési és Vagyonkezelő Zrt. (“MFB Invest”) 45 per cent of the shares in MPVI (Hungarian Post, MVM and MFB are together the “Applicants”). The supreme body of MPVI is the General Assembly. Pursuant to its bylaws, the following decisions fall within the

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Authors

  • Philip Morris (Budapest)
  • Kinstellar (Budapest)

Quotation

Zsuzsanna Németh, Olah Tamas, The Hungarian Competition Office approves the creation of a joint venture for mobile phone services (MPVI Mobil), 21 March 2012, e-Competitions Bulletin March 2012, Art. N° 45894

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