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MAGYAR TELEKOM, SEC AGREE IN PRINCIPLE ON NEGOTIATED SETTLEMENT OF INVESTIGATION INTO MONTENEGRIN UNIT CONTRACTS

June 27, 2011

The board of Hungarian telecommunications company Magyar Telekom on Friday approved an agreement in principle regarding the conclusion of a negotiated settlement with the staff of US Securities and Exchange Commission (SEC) on the latter agency's ongoing investigation whether the company's Montenegrin unit violated the US Foreign Corrupt Practices Act in the course of signing €31 million in ...



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