BUDAPEST--A Budapest court Monday annulled the results of a
frequency tender won by a new, state-owned competitor on Hungary's
cellular telephone market, political daily Nepszabadsag reports on
its website.
MPVI Zrt., which was established through a consortium formed by
three state-owned businesses, was awarded a license at the end of
January, but the latest court ruling means the application process
must be repeated, the paper said.
The three active participants, Deutsche Telekom AG's (DTE.XE)
Magyar Telekom Nyrt. (MTELEKOM.BU) plus local subsidiaries of
Norway's Telenor ASA (TEL.OS) and the U.K.'s Vodafone Group PLC
(VOD.LN) lodged a challenge against the tender results, claiming
the state-owned telecoms company received unfair market advantage
when it received its frequency.
Newspaper website: www.nol.hu
Write to the Budapest Bureau at budapest@dowjones.com
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