Hungarys top court upholds decision cancelling mobile frequency auction.

By bne IntelliNews February 27, 2013
Hungary's Supreme Court has upheld a decision of the Budapest Metropolitan court from September 2012 cancelling the results of a frequency auction held in January 2012, MTI news agency informed. Under the Municipal Court's ruling the newly established state-owned telecom MPVI had unlawfully won the right to build its own network since state-controlled entities were not allowed to take part in the tender. MPVI paid HUF 10bn (EUR 35.1mn) for a 5MHz frequency block in the 900MHz band. It was established as a consortium of three state-owned companies - power utility MVM (45% share), development bank MFB (45% share) and Magyar Posta (10% share). Following the Supreme Court's decision, MPVI will review opportunities for future operations. It has earlier announced readiness to launch test operation in central Budapest and start commercial service in a year.
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