Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Magyar Telekom Falls to 8-Week Low on Competitor: Budapest Mover

Magyar Telekom Nyrt., the Hungarian unit of Deutsche Telekom AG, fell to the lowest in almost two months after the government said it supported the entry of the fourth competitor into the telecommunications market.

The shares dropped 1 percent to 413 forint by the end of trade in Budapest, the lowest close since Aug. 14. The benchmark BUX stock index rose 0.4 percent.

The government said it encouraged the opening up of the telecommunications industry even after a court last month voided a tender that awarded a license to a group of state-owned companies. Magyar Telekom and the two other incumbents, the local units of Vodafone Plc and Telenor ASA, had appealed against the bidding result.

The government considers it “unacceptable” that consumers have to pay “very high” prices indicating a lack of competition, according to an e-mailed statement today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.