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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Magyar Telecom B.V. Announces Strategic Review

Magyar Telecom B.V. (the “Company”), and its subsidiaries (together the “Group”), a leading telecommunications and internet services provider, announced today that it is undertaking a strategic review of the Group’s capital structure in light of new tax legislation and the weak Hungarian macroeconomic environment. To assist in this process the Company has retained Houlihan Lokey (Europe) Limited (“Houlihan Lokey”) as financial advisor and White & Case LLP as legal advisor. The review will be focused on the Group’s balance sheet and is not intended to impact the Group’s employees, partners, suppliers or trade creditors. Enquiries related to this review should be addressed to Houlihan Lokey using the contact details provided below.

As part of the capital structure review, the Company is launching a noteholder identification process in order to obtain input from noteholders. The information gathered through this exercise, subject to applicable laws and regulations, will be treated in the strictest confidence and kept within the Group, its subsidiaries and its professional advisers, and will be used by members of the Group only to contact noteholders.

A press release with details of the noteholder identification process will follow shortly and will be distributed also through the relevant clearing systems to be forwarded to all the noteholders. Any questions from noteholders can be directed to DF King Worldwide (the “Identification Agent”) to the details below.

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