Magyar Telekom (MTELEKOM.BU), the Hungarian unit of Germany's Deutsche Telekom (DTE.XE) Monday, said it will seek to terminate its U.S. registration in a filing with the U.S. Securities and Exchange Commission.

MAIN FACTS:

- The company expects the deregistration to become effective on Feb 12, 2012, 90 days after the filing.

- Magyar Telekom said the main purpose of the deregistration is to reduce complexity in financial reporting and administrative costs.

- The company said it will maintain its primary listing on the Budapest Stock Exchange and will continue to make English translations of its annual reports, financial statements and investor releases.

-Budapest Bureau, Dow Jones Newswires, +36-1-267-0622; budapest@dowjones.com

Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Mol Magyar Olay Es Gazip... (PK) Charts.
Mol Magyar Olay Es Gazip... (PK) (USOTC:MGYOY)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Mol Magyar Olay Es Gazip... (PK) Charts.