SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
MAGYAR TAVKOZLESI RT
(Hungarian Telecommunications Company Limited)
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(Name of Issuer)
ORDINARY SHARES, NOMINAL VALUE HUF 100
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(Title of Class of Securities)
NONE
(CUSIP FOR AMERICAN DEPOSITORY SHARES EVIDENCED BY
AMERICAN DEPOSITORY RECEIPTS (REPRESENTING ORDINARY SHARES) IS 559776109)
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(Cusip Number)
Wayne Wirtz, Esq.
SBC Communications Inc.
175 East Houston
San Antonio, TX 78205
(210) 351-3736
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(Name and Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 8, 1999
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
(Continued on following pages)
(Page 1 of 10 Pages)
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CUSIP NO. 559776109 13D PAGE 2 OF 10 PAGES
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1. NAME OF REPORTING PERSON SBC COMMUNICATIONS INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 43-1301883
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER 0
NUMBER OF
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 617,478,081*
OWNED BY
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER 0
PERSON
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER 617,478,081
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 617,478,081
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.6%
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14. TYPE OF REPORTING PERSON HC
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* Please See Item 5 for a disclaimer of the voting power of these Shares.
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CUSIP NO. 559776109 13D PAGE 3 OF 10 PAGES
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1. NAME OF REPORTING PERSON AMERITECH CORPORATION
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 36-3251481
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER 0
NUMBER OF
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 617,478,081*
OWNED BY
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER 0
PERSON
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER 617,478,081
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 617,478,081
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.6%
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14. TYPE OF REPORTING PERSON CO
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* Please See Item 5 for a disclaimer of the voting power of these Shares.
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CUSIP NO. 559776109 13D PAGE 4 OF 10 PAGES
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1. NAME OF REPORTING PERSON AMERITECH INTERNATIONAL, INC.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 36-3707086
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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7. SOLE VOTING POWER 0
NUMBER OF
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 617,478,081*
OWNED BY
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER 0
PERSON
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER 617,478,081
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 617,478,081
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.6%
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14. TYPE OF REPORTING PERSON CO
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* Please See Item 5 for a disclaimer of the voting power of these Shares.
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CUSIP NO. 559776109 13D PAGE 5 OF 10 PAGES
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1. NAME OF REPORTING PERSON AMERITECH INTERNATIONAL SPAIN, S.L.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [ ]
(B) [ ]
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3. SEC USE ONLY
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4. SOURCE OF FUNDS AF
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5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6. CITIZENSHIP OR PLACE OF ORGANIZATION Spain
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7. SOLE VOTING POWER 0
NUMBER OF
SHARES -----------------------------------------------------
BENEFICIALLY 8. SHARED VOTING POWER 617,478,081*
OWNED BY
EACH -----------------------------------------------------
REPORTING 9. SOLE DISPOSITIVE POWER 0
PERSON
WITH -----------------------------------------------------
10. SHARED DISPOSITIVE POWER 617,478,081
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11. AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON 617,478,081
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12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES [ ]
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13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 59.6%
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14. TYPE OF REPORTING PERSON CO
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* Please See Item 5 for a disclaimer of the voting power of these Shares.
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CUSIP NO. 559776109 13D PAGE 6 OF 10 PAGES
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ITEM 1. SECURITY AND ISSUER
This statement relates to ordinary shares, nominal value HUF 100 per
share (the "Shares"), of Magyar Tavkozlesi, RT, a corporation organized under
the laws of the Republic of Hungary (the "Company"). The Shares trade on the New
York Stock Exchange in the form of American Depository Shares each representing
the right to five Shares. The principal executive office of the Company is
Budapest, 1013, Krisztina krt. 55, Hungary.
ITEM 2.
IDENTITY AND BACKGROUND
(a) and (b)
SBC Communications Inc. is a Delaware corporation ("SBC"), with its
principal office and principal place of business at 175 E. Houston, San
Antonio, Texas 78205-2233. Other than executive officers and directors,
there are no persons or corporations controlling or ultimately in
control of SBC. SBC is a communications holding company whose
subsidiaries and affiliates provide communications services, including
landline and wireless telecommunications services and equipment,
directory advertising, publishing services, and Internet access
services.
Ameritech Corporation ("Ameritech") is a Delaware corporation and a
wholly-owned subsidiary of SBC with its principal office and principal
place of business at 30 South Wacker Drive, Chicago, Illinois 60606.
Ameritech provides communications services, including local and long
distance telephone, cellular, paging, directory advertising, security
monitoring, cable TV, electronic commerce and on-line services.
Ameritech International, Inc. ("Ameritech International") is a Delaware
corporation and a wholly-owned subsidiary of Ameritech with its
principal office and principal place of business at 255 West Randolph
Street, Chicago, Illinois 60606. Ameritech International provides a
wide range of communications services outside of the United States.
Ameritech International Spain, S.L. ("AIS") is a Spanish corporation.
All of its Class B stock is owned by Ameritech International and is
designated as holding the investment in the Company, as described in
Item 3. All of the Class A stock of AIS is owned by Ameritech
International Belgium, L.L.C., a Delaware limited liability company and
a wholly-owned subsidiary of Ameritech. AIS has its principal office
and principal place of business at 30 South Wacker Drive, Suite 3600,
Chicago, Illinois 60606. AIS holds various Ameritech communications
investments.
Ameritech, Ameritech International, and AIS are collectively referred
to as the "Ameritech Entities."
(c) Per Instruction C, the name, business address, and principal occupation
of each executive officer and director of SBC is set forth in Exhibit I
hereto and incorporated herein by reference.
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CUSIP NO. 559776109 13D PAGE 7 OF 10 PAGES
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(d) During the last five years, neither SBC nor the Ameritech Entities,
nor, to the best of their knowledge, any of their directors or
executive officers has been convicted in any criminal proceeding
(excluding traffic violations or similar misdemeanors.)
(e) During the last five years, neither SBC nor the Ameritech Entities,
nor, to the best of their knowledge, any of their executive officers or
directors has been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction resulting in a judgment,
decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to, Federal or State securities laws, or
finding any violation with respect to such laws, and which judgment,
decree or final order was not subsequently vacated.
(f) SBC and all of the Ameritech Entities, except for AIS, are incorporated
in the State of Delaware. AIS is incorporated in the country of Spain.
Each executive officer and director of SBC is a citizen of the United
States except for SBC director Carlos Slim Helu, who is a citizen of
Mexico.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
MagyarCom Holdings GmbH ("Magyar"), a German corporation, owns
617,478,081 Shares representing 59.6 percent of the outstanding Shares of the
Company. Magyar originally acquired a 30.1 percent interest in the Company in
December 1993 as the winning bidder in a tender offer. On December 22, 1995,
Magyar acquired an additional 37.2 percent of the Company. In November 1997,
Magyar reduced its ownership interest to 59.6 percent by selling Shares in
connection with the Company's initial public offering of the Shares.
The shares of Magyar (the "Magyar Shares") are owned 50 percent by SBC, by
virtue of its indirect ownership of AIS, and 50 percent by Deutsche Telekom AG,
a German telecommunications company ("Deutsche Telekom"). Ameritech purchased
its ownership interest in Magyar in December 1993. In the event of a
disagreement between the two shareholders, Deutsche Telekom is entitled to cast
the deciding vote except with respect to a sale of the Company's Shares or
approval of dividends to be paid by the Company.
ITEM 4. PURPOSE OF TRANSACTION.
SBC acquired indirect record ownership of 50 percent of the Magyar
Shares upon the closing, on October 8, 1999, of SBC's acquisition of Ameritech
pursuant to an Agreement and Plan of Merger dated May 10, 1998. SBC at the
present time has no plans or proposals that relate to, or would result in, any
of the transactions described in paragraphs (a)-(j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) AIS is entitled to cast 50 percent of any vote of Magyar regarding
dispositions of the Company's Shares. Therefore, AIS has shared
investment power with respect to the
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CUSIP NO. 559776109 13D PAGE 8 OF 10 PAGES
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Shares held by Magyar and, as a result, indirectly beneficially owns
59.6% of the Shares. As described in Item 2, each of the remaining
Ameritech Entities indirectly beneficially owns such Shares by virtue
of its indirect ownership of AIS. SBC possesses ultimate beneficial
ownership of the Shares by virtue of its sole ownership of all of the
Ameritech Entities.
(b) Each of the Ameritech Entities has the power to direct the disposition
of the Shares by virtue of its 50 percent ownership interest in Magyar.
However, SBC has ultimate power to direct the disposition of such
Shares by virtue of its sole ownership of the Ameritech Entities. The
power to direct the disposition of the Shares is shared with Deutsche
Telekom. SBC and each of the Ameritech Entities disclaim voting power
with respect to the Shares, because Deutsche Telekom is entitled to
cast the deciding vote in the event of disagreements between the
shareholders of Magyar (other than disagreements with respect to a sale
of the Shares or approval of dividends).
(c) None
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER
By virtue of its majority ownership of the Company, Magyar has the
power to elect all of the members of the six to eleven member Board of Directors
and the nine member Supervisory Board with the exception of one member of each
Board who is designated by the State of Hungary and three members of the
Supervisory Board who represent employees.
SBC has the right to put all or a portion of its Magyar Shares to
Deutsche Telekom. Upon the exercise of the put option, Deutsche Telekom would
have the right to appoint the majority of Magyar's Board of Directors.
SBC and Deutsche Telekom each has a right of first refusal upon a
proposed sale of the other party's Magyar Shares.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Directors and Executive Officers of SBC Communications Inc. Exhibit I hereto.
Joint Filing Agreement. Exhibit II
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CUSIP NO. 559776109 13D PAGE 9 OF 10 PAGES
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
SBC COMMUNICATIONS INC.
Dated: February 16, 2000 By: /s/ James S. Kahan
-----------------------------
James S. Kahan
Senior Executive Vice President,
Corporate Development
On behalf of:
AMERITECH CORPORATION
AMERITECH INTERNATIONAL, INC.
AMERITECH INTERNATIONAL SPAIN, S.L.
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EXHIBIT INDEX
Exhibit No. Description
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I Directors and Executive Officers of SBC
Communications, Inc.
II Joint Filing Agreement
EXHIBIT I
DIRECTORS AND EXECUTIVE OFFICERS OF
SBC COMMUNICATIONS INC. AS OF OCTOBER 8, 1999
The name, present principal occupation or employment, and the name of
any corporation or other organization in which such employment is conducted, of
each director, advisory director and executive officer of SBC Communications
Inc. ("SBC"), is set forth below. Unless otherwise indicated, each occupation
set forth opposite an executive officer's name refers to employment with SBC.
Name Present Principal Occupation or Employment
---- ------------------------------------------
Directors
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Edward E. Whitacre, Jr. Chairman of the Board and Chief Executive Officer
Royce S. Caldwell President - SBC Operations
Clarence C. Barksdale Vice Chairman, Board of Trustees, Washington
University
James E. Barnes Chairman of the Board, President and Chief
Executive Officer, MAPCO Inc., Retired
August A. Busch, III Chairman of the Board and President,
Anheuser-Busch Companies, Inc.
Ruben R. Cardenas Partner, Cardenas, Whitis & Stephen, L.L.P.
William P. Clark Chief Executive Officer, Clark Company
Martin K. Eby, Jr. Chairman of the Board and Chief Executive
Officer, The Eby Corporation
Herman E. Gallegos Independent Management Consultant
Jess T. Hay Chairman, HCB Enterprises Inc; Chairman of
the Texas Foundation for Higher Education
Bobby R. Inman United States Navy, Retired
Charles F. Knight Chairman and Chief Executive Officer, Emerson
Electric Co.
Mary S. Metz President, S.H. Cowell Foundation
Toni Rembe Partner, Pillsbury Madison & Sutro LLP
S. Donley Ritchey Partner, Alpine Partners
Joyce M. Roche Independent Consultant
Richard M. Rosenberg Chairman and Chief Executive Officer
(Retired), BankAmerica Corporation
Carlos Slim Helu Chairman of the Board, Telefonos de Mexico, S.A.
de C.V.
Patricia P. Upton President and Chief Executive Officer, Aromatique,
Inc.
Advisory Director
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Gilbert F. Amelio President and Founder, AmTech, LLC
Executive Officers
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Edward E. Whitacre, Jr. Chairman of the Board, President and Chief
Executive Officer
Royce S. Caldwell President - SBC Operations
Cassandra C. Carr Senior Executive Vice President - External Affairs
J. Cliff Eason President - SBC International
James D. Ellis Senior Executive Vice President and General Counsel
Charles E. Foster Group President - SBC
Karen Jennings Senior Vice President - Human Resources
James S. Kahan Senior Vice President - Corporate Development
Donald E. Kiernan Senior Vice President, Treasurer and Chief Financial
Officer
Stanley T. Sigman President and Chief Executive Officer -
SBC Wireless Inc.
EXHIBIT II
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act
of 1934, as amended, the undersigned hereby agree to the joint filing with all
SBC and other Ameritech Entities (as such term is defined in the Schedule 13D
referred to below) on behalf of each of them of a statement on Schedule 13D
(including amendments thereto) with respect to Ordinary Shares, nominal value
HUF 100, of Magyar Tavkozlesi RT, and that this Agreement be included as an
Exhibit to such joint filing. This Agreement may be executed in any number of
counterparts all of which taken together shall constitute one and the same
instrument.
* * * *
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this
16th day of February 2000.
SBC COMMUNICATIONS INC.
Dated: February 16, 2000 By: /s/ James S. Kahan
-----------------------------
James S. Kahan
Senior Executive Vice President,
Corporate Development
On behalf of:
AMERITECH CORPORATION
AMERITECH INTERNATIONAL, INC.
AMERITECH INTERNATIONAL SPAIN, S.L.
