Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Xetra  >  Deutsche Telekom AG    DTE   DE0005557508

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Hungary Mobile Operators Slam Government Telecoms Tax Bill

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/14/2012 | 05:06pm CET

Hungary's mobile operators Monday slammed a government bill to tax operators on voice traffic, deeming it a direct successor to sectoral levies the government agreed to phase out from 2013.

As part of a fiscal overhaul program, the government has proposed several taxes, including the voice-traffic levy, in a bid to hit budget deficit goals of 2.5% of gross domestic product in 2012 and 2.2% of GDP in 2013. The government hopes the new taxes will generate 30 billion forints ($133.6 million) this year and HUF52 billion next year.

The planned voice-traffic tax is HUF2 a minute with monthly upper limits set at for HUF700 household consumers and HUF2,500 for corporate customers.

The government had said during sectoral negotiations that the tax would be imposed on consumers, whereas the cabinet's bill aims the tax at service providers, Magyar Telekom Nyrt. (MTELEKOM.BU), Telenor Hungary Zrt. and Vodafone Hungary Zrt. said in a joint statement.

The companies said the new levy doubles the tax load on service providers, referring to a sectoral crisis tax that has weighed heavily on profitability since 2010.

Magyar Telekom is owned by Deutsche Telekom AG (>> Deutsche Telekom AG), while the other two are subsidiaries of Telenor ASA (TEL.OS) and Vodafone Group PLC (>> Vodafone Group plc).

-By Marton Eder, Dow Jones Newswires; +3630-905-4679; marton.eder@dowjones.com

Stocks mentioned in the article : Deutsche Telekom AG, Vodafone Group plc, Vodafone Group plc
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEUTSCHE TELEKOM AG
01/20 DEUTSCHE TELEKOM : Purchase of Crnogorski Telekom is a good deal for Croatia
01/19 T MOBILE US : Mobile Prepares for Series of Powerful Sorms Impacing Norhern Cali..
01/19 DEUTSCHE TELEKOM : T-Mobile Netherlands appoints new CEO
01/18 Verizon (VZ) Opts for Dealer`s Network for Prepaid Service
01/18 MAGYAR TELEKOM TAVKOZLESI : broadband expands to 2.8 mln households
01/18 CONNECTED CAR CONNECTIVITY AND SERVI : Is the Industry Ready? – New Editor..
01/16 DEUTSCHE TELEKOM : Internship PLUS direct entry
01/16 DEUTSCHE TELEKOM : Surfing above the clouds
01/16 DEUTSCHE TELEKOM : bringing Electronic Beats to German clubs
01/16 DEUTSCHE TELEKOM : Claudia Nemat and Srini Gopalan assume new Board duties effec..
More news
Sector news : Integrated Telecommunications Services - NEC
01/20 European shares ease ahead of Trump inauguration
01/20 EXCLUSIVE - VIVENDI OPEN TO RESTART : sources
01/18 BT : Ofcom fines EE 2.7 million pounds for overcharging customers
01/11 CORUS ENTERTAINMENT : profit misses estimates for 12th time in a row
01/11DJVERIZON COMMUNICATIONS : and AT&T Increase Certain Customer Fees
More sector news : Integrated Telecommunications Services - NEC
News from SeekingAlpha
01/17 ANALYST : SoftBank cash could give Sprint 'knockout' bid for T-Mobile
2016 Barron's searches for value in its top stock picks for 2017
2016 WALL STREET BREAKFAST : OPEC Decision Day - Deal Or No Deal?
2016 Deutsche Telekom internet routers back online
2016 MERKEL : No details on Deutsche Telekom attack
Advertisement
Financials (€)
Sales 2016 72 334 M
EBIT 2016 8 866 M
Net income 2016 4 484 M
Debt 2016 51 904 M
Yield 2016 3,64%
P/E ratio 2016 18,48
P/E ratio 2017 18,51
EV / Sales 2016 1,78x
EV / Sales 2017 1,71x
Capitalization 76 818 M
More Financials
Chart DEUTSCHE TELEKOM AG
Duration : Period :
Deutsche Telekom AG Technical Analysis Chart | DTE | DE0005557508 | 4-Traders
Full-screen chart
Technical analysis trends DEUTSCHE TELEKOM AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 17,4 €
Spread / Average Target 5,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Timotheus Höttges Chairman-Management Board & CEO
Ulrich Lehner Chairman-Supervisory Board
Thomas Dannenfeldt Chief Financial Officer
Michael Sommer Member-Supervisory Board
Monika Brandl Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DEUTSCHE TELEKOM AG-0.64%82 188
VERIZON COMMUNICATIONS..-1.24%214 920
NIPPON TELEGRAPH AND T..3.85%93 260
TELEFONICA SA3.02%48 973
BT GROUP PLC4.50%47 685
TELSTRA CORPORATION LT..0.78%46 179
More Results