The court hearing about the ongoing 900Mhz tender case could happen in 1Q 2013, according to Hungarian daily, Napi Gazdaság, which received the information from the “Kúria”, the highest court in Hungary. It is also possible that the frequencies will be given back to the government, which would me most negative for (1,99 EUR, -0,25%), which needs these frequencies to have the 99% coverage in Hungary. The daily also reported that NMHH,
The Hungarian telecommunication regulator, is planning a hearing in the middle of December to discuss the requirements of entry of a new 4th mobile player.
Our view: The 4th player’s entrance could be delayed even more probably well into the middle of 2013, which is positive for MTEL, thus we would expect some slightly positive reaction today.