Magyar Telekom

Budapest ; names in other languages is the capital and the largest city of Hungary, the largest in East-Central Europe and the seventh largest in the European Union. It is the country's principal political, cultural, commercial, industrial, and transportation centre, sometimes described as the... primate city of Hungary. According to 2011 Census, Budapest had 1.74 million inhabitants, down from its 1989 peak of 2.1 million due to suburbanization. The Budapest Commuter Area is home to 3.3 million people. The city covers an area of 525 square kilometres within the city limits. Budapest became a single city occupying both banks of the river Danube with a unification on 17 November 1873 of west-bank Buda and Óbuda with east-bank Pest. The history of Budapest began with Aquincum, originally a Celtic settlement that became the Roman capital of Lower Pannonia. Hungarians arrived in the territory in the 9th century. Their first settlement was pillaged by the Mongols in 1241-42. The re-established town became one of the centres of Renaissance humanist culture in the 15th century.
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Deutsche Telekom AG is a German telecommunications company headquartered in Bonn, North Rhine-Westphalia, Germany. It is the largest telecommunications company in Europe. Deutsche Telekom was formed in 1996 as the former state-owned monopoly Deutsche Bundespost was privatized. As of June 2008, the German government still holds a 15% stake in company stock directly, and another 17% through the government bank KfW. The former CEO Kai-Uwe Ricke... was ousted by the board of the company because of slumping sales and the flight of customers to cheaper competitors. More than 1.5 million customers changed to rival companies during 2005 and 2006 and as a result, Deutsche Telekom laid off more than 30,000 workers. The new CEO was announced on November 12, 2006 after a long-night board session: René Obermann, the former CEO of T-Mobile International. The predecessor of Ricke, Ron Sommer, chairman of Deutsche Telekom between 1995 and 2002, was ousted because of the drop in the share price of the company in 2002. At the height of the dot-com bubble, the share was valued at over €100 but fell significantly to about €12/share during a couple of months.
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