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

Magyar Telekom Drops on Toll Tender Loss Report: Budapest Mover

Magyar Telekom Nyrt., the Hungarian unit of Deutsche Telekom AG, dropped for the first time in six days after Bitport reported the company’s T-Systems unit is set to lose a tender to supply an electronic road toll system.

The shares fell 0.8 percent to 389 forint by the end of trade in Budapest, the biggest decline since Dec. 21. The benchmark BUX stock index, in which Magyar Telekom has the fourth-biggest weighting at 11 percent, rose 0.6 percent.

Hungary will sign the toll contract with Getronics by Jan. 15, technology website Bitport reported, citing Development Ministry State Secretary Vilmos Valyi-Nagy. The signing of the contract was delayed after T-Systems disputed the process, Valyi-Nagy said. Magyar Telekom rallied Jan. 4 after newspaper Napi Gazdasag reported that T-Systems may emerge as the winner.

“It seems the state is still favoring Getronics,” Jozsef Miro, a Budapest-based analyst at Erste Group Bank AG, wrote in an e-mailed report today. “That is unfavorable for Magyar Telekom as earlier reports said T-Systems may be the winner.”

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.