|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||7.16 - 7.26|
|52 Week Range||6.62 - 8.59|
|Beta (3Y Monthly)||0.27|
|PE Ratio (TTM)||10.34|
|Forward Dividend & Yield||0.44 (5.97%)|
|1y Target Est||15.60|
Magyar Telekom is testing high-speed 5G mobile network technology with several suppliers, including Huawei, it said, adding however that it had not entered into an agreement with the Chinese firm to build up its entire local network. Hungarian telecoms regulator NMHH had registered Magyar Telekom as a participant in a tender for 5G spectrum launched in June, the Deutsche Telekom unit said in an emailed response to questions on Tuesday.
Hungarian information technology company 4iG has signed a preliminary deal to buy its bigger rival T-Systems, which is owned by Magyar Telekom. The deal was announced by the companies in a stock exchange filing on Tuesday, with 4iG's CEO and largest shareholder Gellert Jaszai saying it represents a milestone in the expansion drive flagged by the company last month. The price and other financial details were not disclosed and the deal, which is expected to close this year, does not include the segment of T-Systems focused on sales to small and medium-sized businesses.
Central European stocks mostly rose on Friday, with Hungarian shares lagging behind after disappointing earnings reports. Regional equities generally tracked Asia and Western Europe, where markets gained ...