MAVD meaning in Business ?

Answer: What is Magyar Telekom mean?

Magyar Telekom Nyrt. (officially Magyar Telekom Távközlési Nyilvánosan Működő Részvénytársaság, lit. 'Hungarian Telecom Telecommunications Public Limited Company') is the largest Hungarian Telecommunications company. The former monopolist is now a subsidiary of Deutsche Telekom (in 59.21% of shares).

Until 6 May 2005, it was (and informally still is) known as MATÁV (Magyar Távközlési Rt. – Hungarian Telecommunications PLC). The company was formed under the name of Magyar Távközlési Vállalat (Hungarian Telecommunications Enterprise) in December 1989, when Magyar Posta (Hungarian Post) was split into three separate enterprises. On 31 December 1991, the company was re-structured as a Public Limited Company, as Magyar Távközlési Rt., and the company remained in 100% state ownership until the end of 1993. On 1 July 1993, the Telecommunications Act came into effect, making it possible to privatize the company. A consortium was formed by Deutsche Telekom and Ameritech International, which was named MagyarCom, and bought into the company a share of 30.1% for a price of 875 million USD.

reference

Full Form	Category
Magyar Telekom	Business
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