October 9, 2008

Hungarian Telephone and Cable Announces Management Changes

Hungarian Telephone and Cable, a provider of telecommunications and broadband internet services, has announced that its chairman Jesper Eriksen and its vice-chairman Carsten Revsbech have resigned from the company's board of directors.

The company has said that MrEriksen and Mr Revsbech have resigned due to their increased work commitments at Mobile Nordic, a business unit in TDC, majority stockholder of Hungarian Telephone and Cable

Mr Eriksen was recently appointed as CEO at Mobile Nordic while Mr Revsbech has appointed as CFO at Mobile Nordic.

Hungarian Telephone and Cable's board of directors has elected Jesper Ovesen and Morten Nielsen to replace Eriksen and Revsbech. Mr Ovesen is a senior executive vice president and the CFO of TDC and Mr Nielsen is a director and attorney with TDC. The board also elected Henrik Scheinemann, a company director since 2006, as its chairman and Mr Ovesen as its vice-chairman.