Magyar Telekom and MOL starting a strategic partnership

Magyar Telekom and MOL starting a strategic partnership

Budapest, July 16, 2013 16:30

Magyar Telekom and MOL today have signed a strategic agreement for further cooperation

Cooperation will focus on marketing, sale, retail, energy retail, information technology and telecommunication

Christopher Mattheisen, Magyar Telekom CEO and Zsolt Hern di, MOL Chairman-CEO today have signed a strategic agreement between the two groups at Budapest. The agreement covers issues of cooperation in the field of marketing, retail, energy retail and information technology.

The strategic document, inter alia, contains a letter of intent about cooperation in expanding various wholesale and retail services and other areas of marketing and saleas well as information technology and telecommunication. Furthermore, companies set out that the parties will investigate the opportunities for cooperation in the regional markets in the future.

Today two dominant companies of the Central-European region have signed an agreement for future cooperation. As of today MOL will look at Magyar Telekom as a strategic partner, and the parties will strive for growing and creating value while supporting each other. The cooperation will offer mutual benefits for both parties, moreover it can also contribute to expanding Hungary's economy. Especially our clients will be the main beneficiaries, as through the collaboration we will be able to deliver better and higher level services pointed out Zsolt Hern di, MOL Chairman-CEO.

Having signed the agreement, Christopher Mattheisen, Magyar Telekom CEO commented: The agreement signed today means that the two market leading groups as the key driving forces of the Hungarian economy will combine resources for the benefit of their clients and the interest of the country. We have already identified several opportunities for cooperation, and I am quite confident that we will develop quite a number of plans from this strategic partnership to be jointly implemented with MOL. We are sure that combining our skills, knowledge and competencies we will be more successful both in Hungary and in the region.

About MOL Group

MOL Group (www.mol.hu) is an integrated, independent, international oil and gas company, head-quartered in Budapest, Hungary. It has operations in over 40 countries and employs almost 30,000 people worldwide. The Group operates five refineries and 2 petrochemical units under integrated supply chain management, in Hungary, Slovakia, Croatia and Italy. MOL Group also owns a network of over 1,700 filling stations in Central & South Eastern Europe in 11 countries. MOL operates a 5,800 km long high pressure gas pipeline system in Hungary. The company also has regional operations in trading and distribution of natural gas.

About Magyar Telekom

Magyar Telekom (www.telekom.hu) is the principal provider of telecom services in Hungary. It provides a full range of telecommunications and ICT services including fixed line and mobile telephony, data transmission and non-voice as well as IT and systems integration services. Magyar Telekom is the majority owner of Makedonski Telekom, the leading fixed line and mobile operator in Macedonia, it holds a majority stake in Crnogorski Telekom, the leading telecommunications operator in Montenegro, and as an alternative operator it is also present in the telecommunications markets of Bulgaria and Romania.

LINK:	http://www.telekom.hu/press_room/press_releases/2013/july_16...
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