Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

End-of-day quote. End-of-day quote  - 04/29
15.285 EUR   -3.08%
04/29DEUTSCHE TELEKO : quaterly earnings release
04/28 AT&T loses postpaid phone subscribers as T-Mobile takes away cust..
04/28 IMImobile Taps Former Orange UK CEO As Chairman As Founder Steps ..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CEST

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
React to this article
Latest news on DEUTSCHE TELEKOM AG
12:33a T-MOBILE US, INC. : Entry into a Material Definitive Agreement, Financial Statem..
04/29DEUTSCHE TELEKOM AG : quaterly earnings release
04/28 T MOBILE US : An Application for the Trademark "THE OFFICIAL PHONE OF FUN" Has B..
04/28 AT&T loses postpaid phone subscribers as T-Mobile takes away customers
04/28 T MOBILE US : An Application for the Trademark "DEVICE UNLOCK" Has Been Filed by..
04/28 IMImobile Taps Former Orange UK CEO As Chairman As Founder Steps Down
04/26 T MOBILE US : -Mobile ops Sree 1Q forecass
04/26 T-MOBILE US, INC. : Results of Operations and Financial Condition, Financial Sta..
04/26 T-MOBILE US, INC. : Entry into a Material Definitive Agreement, Financial Statem..
04/26 T MOBILE US : -Mobile shows ha being he un-carrier doesn' have o mean being unpr..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials