Mid Europa Partners and GMT Communications Partners expect to raise €52m through the sale of 66.66 per cent of the share capital of Matel Holdings, owner of Invitel Távközlési, a Hungarian fixed line telecoms operator, to Hungarian Telephone & Cable Corp. At the same time, Invitel's senior management has also agreed to sell their holdings in the company, enabling HTCC to acquire 99.98 per cent of Invitel for a total consideration of €470m.
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