Magyar Telekom Agrees to Buy Externet’s Broadband Business

Magyar Telekom Nyrt., Hungary’s former phone monopoly, agreed to buy Externet Nyrt.’s broadband business, Externet said in a statement posted on the Budapest Stock Exchange today.

Externet said it would disclose further details at the closing of the deal, which is expected in March of next year.

To contact the reporters on this story: Zoltan Simon in Budapest at zsimon@bloomberg.net

To contact the editors responsible for this Willy Morris at wmorris@bloomberg.net

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