Magyar Telekom Drops on Toll Tender Loss Report: Budapest Mover
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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.