Magyar Telekom to acquire GTS Hungary
Magyar Telekom has announced a share purchase agreement to acquire a 100% stake in GTS Hungary from Deutsche Telekom for a purchase price of approximately HUF13.2 billion (US$49.17 million).
Currently, GTS Hungary provides fixed voice, data and IT services to 7 thousand business customers and also provides fixed telephony and internet services to 11 thousand residential clients across Hungary. Completion of the intra-group transaction is anticipated in the second quarter of 2015.
Country updates
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September 29, 2014
Budapest airport owners refinance €1.4 billion debt package
A SPV led by AviAlliance, a vehicle of Canada's Public Sector Pension Investment Board (PSP Investments) has refinanced €1.4 billion (US$1.775 billion) of debt facilities...
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July 01, 2011
In July 2011, the partners also acquired the 25-percent airport shareholding of the Hungarian state
In July 2011, the partners also acquired the 25-percent airport shareholding of the Hungarian state. Since then, Budapest Airport is fully privatized
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September 10, 2008
On 16 July 2008 BayernLB, Caja Madrid, Commerzbank, DekaBank, Depfa Bank, DZ BANK, Erste Bank, MKB Bank, Raiffeisenlandesbank Oberoesterreich, SMBC and the M6 Tolna consortium have successfully closed EUR 463 million Senior Debt facilities for the financing of the M6 III motorway Public Private Partnership (PPP) project in Budapest
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June 01, 2007
In June 2007, AviAlliance, together with its consortium partners, had initially assumed responsibility for the airport management with a stake of 75 percent minus one vote
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December 08, 2005
The tender was successfully finalized and the British company BAA took over the management of the airport company for HUF464.5 billion (US$2.1 billion), including the right of operation for 75 years
