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

To contact the editor responsible for this story: Gavin Serkin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.