Hrvatski Telekom d.d. (ZGSE:HT-R-A) signed a share purchase agreement to acquire 76.53% stake in Crnogorski Telekom a.d. from Magyar Telekom Telecommunications Public Limited Company (BUSE:MTELEKOM) for approximately €120 million on January 10, 2017. In the first nine months of 2016, Crnogorski Telekom generated revenues of €69.4 million and earnings before interest, tax, depreciation and amortization (EBITDA), excluding exceptional items, amounted to €24 million. The transaction is expected to be completed by the end of January, 2017.