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July 16, 1997updated 05 Sep 2016 1:00pm

HUNGARY’S ANTENNA LOOKS TO GET INTO TELECOM ARENA

By CBR Staff Writer

Antenna Hungaria, the Hungarian state-owned broadcasting company, is bidding for the rights to develop an alternative telecoms network in Hungary. The government has requested tenders for the use and development of such a network, and whoever wins will compete directly with Matav, the national telecommunications company backed by Ameritech Corp and Deutsche Telecom AG; Matav will lose much of its monopoly by 2001. Antenna has established a new subsidiary, Antel Invest Kft, to focus on developing the telecommunications business and it is on the lookout for strategic allies, particularly in railways, oil and gas.

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