Magyar Telekom Telecommunications has three operating segments; fixed line telecommunications, mobile telecommunications and international activities. The Fixed line telecommunications segment provides local telephony in Co.'s 39 local primary areas, domestic and international long distance... More
Friday, Nov 82013, 9:49 AM
Friday, Nov 82013, 9:49 AM| Comment!
- Hungarian operator Magyar Telekom (MYTAY -2.4%) shares fall after MSCI said it will remove the telco from its emerging-markets index on Nov. 26.
- Local firm KBC Securities estimates investors may sell as many as 17.3M shares (1.7% of shares outstanding) as a result of the removal.
- Investors are also concerned that Magyar may cut its dividend from 50 forint to 20 later this year.