Magyar Telecom B.V. Announces Changes in Its Board and Management and Investor Call for the Year Ended December 31, 2014 and First Quarter of 2015

LONDON--()--Magyar Telecom B.V. (“Matel B.V.”) announced today a change to the Sponsor-appointed non-executive directors on the Company’s Board of Directors. Robert Chmelar, Director at Mid Europa Partners, has resigned his board seat. Tas Tóbiás, Senior Associate at Mid Europa Partners, has joined the board as non-executive director. The changes are effective as of January 29, 2015.

Effective April 1, 2015, Ms. Andrea Rába and Mr. Szilárd Szobol have been appointed as interim co-Chief Financial Officers of Invitel Zrt. Ms. Rába joined Invitel in 2004 and has held various senior financial positions at the Company. She started her career at PricewaterhouseCoopers. Mr. Szobol joined Invitel in 1999 and has held various senior financial positions in the Company. Mr. Szobol began his career at KPMG. Ms. Rába and Mr. Szobol will report directly to David Blunck, Invitel’s Chief Executive Officer, who until January held the CFO post.

On April 30, 2015, Matel B.V. will release its financial results for the year ended December 31, 2014. On May 14, 2015 (at 14:00 UK time, 15:00 CET, 9:00 AM ET), Matel B.V. will host a conference call to discuss financial results for the year ended December 31, 2014 and the first quarter ended March 31, 2015.

You can participate in the conference call by dialing 0800-756-3429 (UK toll free), +1-201-689-8049 (International) or +1-877-407-9210 (U.S. toll free) and referencing “Matel B.V.”

A webcast of the call and the presentation materials will be available on Invitel’s website at http://invitel.hu/english under “Investor Relations.” The webcast will be available for replay until August 15, 2015. In addition, a replay of the call will be available until May 28, 2015 at 11:59 PM ET. To access the replay of the call, please dial +1-877-660-6853 (U.S. toll free) or internationally dial +1-201-612-7415 and enter the conference ID (13607044).

ABOUT MAGYAR TELECOM B.V.

Magyar Telecom B.V., through its subsidiary Invitel, is one of the leading service providers in the Hungarian telecommunications market, offering a broad portfolio of services for residential and business customers. Residential products include a variety of multimedia and entertainment services such as interactive, digital and High Definition television, fast internet offerings and telephony services. Business solutions include the most up-to-date ICT and cloud-based IT solutions, in addition to voice and data services, all using Invitel's nationwide fiber-optic backbone network. Invitel is headquartered in Budaörs, with customer touch points throughout Hungary.

Contacts

For Magyar Telecom B.V.
Andrea Rába
co-Chief Financial Officer, Invitel
Hungary: +36 1-801-1651

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Release Summary

Magyar Telecom B.V. Announces Changes in Its Board and Management and Investor Call for the Year Ended December 31, 2014 and First Quarter of 2015

Magyar Telecom B.V.