Hungary’s MVM to Bid for Mobile License With Post, Napi Reports

Hungary’s state-owned electricity wholesaler MVM Zrt. plans to bid for a mobile telephone operator license together with the country’s postal service and state- owned Magyar Fejlesztesi Bank Zrt., Napi Gazdasag reported.

The group, which will submit a bid for the license tomorrow, may allocate a 10 percent share for Magyar Posta Zrt. and 45 percent respectively for MVM and the development bank, Napi said, without citing anyone.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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