Magyar Telekom Plc. 6-K 2005
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
Report on Form 6-K dated March 16, 2005
HUNGARIAN TELECOMMUNICATIONS CO. LTD.
(Translation of registrants name into English)
Budapest, 1013, Krisztina krt. 55, Hungary
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ý Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No ý
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
MATÁV TO ACQUIRE MAJORITY STAKE IN TELEKOM MONTENEGRO
BUDAPEST March 16, 2005 Matáv (NYSE: MTA.N and BSE: MTAV.BU), the leading Hungarian telecommunications service provider today announced that it has signed a Share Purchase Agreement to acquire 51.12% of the shares of Telekom Montenegro (Telekom Crne Gore AD, or TCG) from the Government of Montenegro for 114 million euros. Additionally, Matáv has so far agreed with minority shareholders on the acquisition of 15.97% of the companys shares for a price of 16.7 million euros.
The purchase will mainly be financed from debt; the closing of the transaction is expected to take place in early April 2005. Matáv will fully consolidate Telekom Montenegro in its accounts from the time of the closing of the transaction.
In addition to the 67.09% stake in the agreements currently signed, Matáv intends to acquire further minority stakes and is submitting an offer for the remaining shares for a price of EUR 2.20 per share. The offer is in line with Matávs original bid, in which the company offered a maximum price of 165 million euros for 100% of Telekom Montenegro.
This investor release contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore should not have undue reliance placed upon on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Such factors are described in, among other things, our Annual Report on Form 20-F for the year ended December 31, 2003 filed with the U.S. Securities and Exchange Commission.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 16, 2005