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MVM Unit Sole Bidder for Hungary’s 450 MHz Frequency, VG Reports

Jan. 24 (Bloomberg) -- MVM NET, a unit of Hungarian state-owned electricity co. MVM, was sole bidder in sale of 450 MHz frequency, Vilaggazdasag newspaper reports, citing media regulator. * Regulator expects HF150m rev. from sale while winner of frequency will probably have to invest $100m, with projected annual rev. of $67m from block: Vilaggazdasag * 450 MHz free block would be used for digital public services including electronic road toll system: Vilaggazdasag * NOTE: Hungary Authority Publishes Draft Documents for Frequency Tender NSN MX1EFT6KLVRB <GO>

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

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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