Bloomberg has reported that Hungary sold mobile frequency blocks to four companies for 130.6 billion HUF (530 million USD), overshooting the government’s revenue target and expanding the field of mobile phone service providers.
Magyar Telekom Nyrt., the local unit of Deutsche Telekom AG, as well as the subsidiaries of Vodafone Group Plc. (VOD) and Telenor ASA (TEL), the three incumbent service providers won frequency blocks for 20-year periods, the media regulator known as NMHH said in a statement today. Digi Kft., a local telecommunications service provider, also won frequency blocks, increasing the field of mobile phone service providers to four.
Hungary invited bids for the country’s unused mobile frequencies in May after the results of a previous tender were annulled by a local court citing “serious procedural law infringements.” Hungary’s government introduced a special tax and a utility levy on telecommunications companies as it seeks to keep the budget deficit within a European Union limit of 3 percent of output. The government originally targeted revenue of 104 billion HUF from the frequency sale.
via bloomberg.com photo: NMHH building (wikipedia)