New telecoms tax could cost Magyar Telekom USD42m in FY12

Hungarian fixed and mobile operator Magyar Telekom (MTel) estimates that it will have to pay HUF10 billion (USD41.8 million) in telecoms taxes in fiscal 2012, following the adoption of new tax measures from 1 July. As reported by CommsUpdate, on 18 May the Hungarian parliament approved a new controversial tax on mobile communications in the country, to the concern of local operators which feel the industry is already labouring under the burden of the government’s so-called ‘crisis taxes’.

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OVETEL New telecoms tax could cost Magyar Telekom USD42m in FY12