| Business Summary | | Hungarian
Telephone
and
Cable
Corp.
provides
basic
telephone
services
in
five
defined
regions
within
the
Republic
of
Hungary
(the
Operating
Areas)
pursuant
to
25-year
telecommunications
concessions
granted
by
the
government
in
Hungary.
The
Company
provides
non-cellular
local
voice
telephone
service
in
the
Operating
Areas
that
allows
subscribers
to
have
facsimile
and
modem
transmission
capabilities
and
makes
available
to
its
subscribers,
through
interconnection
with
Magyar
Tavkozlesi
Rt.,
domestic
and
international
long
distance
services.
In
addition
to
these
standard
services,
the
Company
offers
its
subscribers
data
transmission
and
other
value-added
services,
including
Internet,
voice
mail,
Internet
Protocol-based
voice
services,
caller
ID,
call
waiting,
call
forwarding,
three-way
calling,
toll
free
calling
services
and
audio
text
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HTC
is
engaged
in
the
ownership,
construction
and
operation
of
public
telephone
exchanges
and
local
loop
telecommunications
service
within
the
Republic
of
Hungary.
For
the
six
months
ended
6/30/01,
revenues
rose
1%
to
$22.2
million.
Net
income
applicable
to
Common
totaled
$8.3
million
vs.
a
loss
of
$3.7
million.
Results
reflect
higher
subscription
revenues,
the
devaluation
of
the
Hungarian
forint,
lower
interest
expenses
and
a
foreign
exchange
gain
of
$5.3
million. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Ole Bertram, 65 Pres,
CEO, Director | $391K | Peter Noone, 37 Gen.
Counsel and Sec. | 174K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|