Document:

Exhibit 4.30

 

STRATEGIC COOPERATION AGREEMENT

 

 

between

 

 

Deutsche Telekom AG

Friedrich Ebert Allee

53227 Bonn

Germany

 

(“DTAG”)

represented by T-Com

 

and

 

MATAV Rt.,

Hungary

 

(“MATAV”)

 

 

together referred
to as “Parties”

 

 

05.05.06

 

 

Preamble

 

1.             MATAV is a
company organized under the laws of the Republic of Hungary as a joint stock
company that performs telecommunications services in fixed and on-line segment.
MATAV provides full scope of telecommunications services in Hungary based on an
integrated service approach.

 

2.             MATAV’s majority owner
is Deutsche Telekom (“DTAG”) via MagyarCom Holding and therefore MATAV belongs
to the Deutsche Telekom group (“DTAG Group”). DTAG will
exercise all of its rights under this Agreement relating to the fixed line segment  through its
fixed line branch T-Com.

 

3.             As MATAV
wishes to benefit of T-Com’s expertise in fixed line communications business,
MATAV wants T-Com ́s support in managing the  fixed line communications business in
Hungary and leverage synergies for MATAV and thus create benefits for
shareholders of MATAV.

 

4.             In order to
realize this effectively DTAG represented by T-Com and MATAV want to conclude
this Strategic Cooperation Agreement

 

 

Therefore, the
Parties now agree,

 

 

§ 1  Assistance in managing the fixed line
communications business within MATAV Group through strategic partnership with
DTAG

 

1.             MATAV and
T-Com will arrange and coordinate their efforts to guarantee proper and orderly
cooperation in the herein stated areas of MATAV fixed line business and any
non-mobile business in both strategic and operational area where synergy
potential could be achieved by exploiting benefits from DTAG’s knowledge and
know-how and applying it to the fixed line telecommunications business
performed within MATAV Group.

 

2.             In order to
facilitate the implementation of the Strategic Cooperation Agreement the
Parties stated in paragraph 1 of this Article, MATAV and T-Com agree that
projects directly relating to T-Coms expertise in the fixed line communications business or other areas and which fall within an
area of strategic or operational cooperation stated in this Strategic
Cooperation Agreement will be executed with expert assistance of T-Com in the
appropriate manner to be agreed between the Parties (e.g. holding bilateral
meetings, establishing steering committees, entering into bilateral agreements,
etc.) .

 

 

05.05.06

 

 

§ 2  Shareholder Rights

 

1.             The
cooperation stated in this 
Strategic
Cooperation Agreement or any other agreement that shall
be signed between the Parties shall not affect the formal decision processes or
instruction rights of the shareholders of MATAV as set out in its by-laws (such
as its Articles of Association, Board of Directors or MC rules of
procedures, if any, and the Internal operational Charter of MATAV) or provided
for in the Hungarian law.

 

2.             The
cooperation of the Parties provided for in this Strategic Cooperation Agreement  shall not affect the formal decision making processes/rights/ corporate
governance procedures, including instruction rights of Matav in the various
subsidiaries.

 

 

§ 3 Principles of
Cooperation

 

1.             The Parties will organize
their cooperation regarding fixed line and any non-mobile business within MATAV
Group according to the following principles:

 

a)  MATAV
performs directly to DTAG consolidated financial reporting in order to meet
DTAG standards and additionally in order to meet all Hungarian statutory and
tax requirements, IFRS, US GAAP and SOA standards.

 

In addition, MATAV will provide segment reporting
directly to T-Com according to T-Com standards on a partial consolidation basis
without MATAV’s subsidiaries, T-Mobil Hungary Rt. and Mobimak, in order to
include MATAV into DT’s fixed line communications segment.

 

b) The budget and the long-term planning for MATAV’s
fixed-line business are developed by MATAV bottom-up, reconciled with T-Com and
approved by MATAVs Board of Directors as part of the Matav Group Business Plan.

 

c) DTAG, as the main shareholder of Matáv, will  - pro
rata to its stake in Matáv – exercise its right to nominate and elect  suitable board  members (such as  Board of Directors, Supervisory Board ) for
MATAV  and advise on their  remuneration). Further on, T-Com will
nominate suitable candidates for management positions and advisory positions
considered as of strategic importance in the fixed-line business (selection,
remuneration, remuneration policy, development &
performance appraisal). . Beyond that the targets, remuneration policy and
performance appraisal for the company and the Management Committee (if any)
members have to be reconciled with T-Com and approved by MATAV’s Board of
Directors.

 

 

05.05.06

 

 

§ 4 Service
Arrangements

 

1.             In addition
to the acknowledged integrated business environment of Matáv T-Com will allow
Matáv to learn further international expertise in the fields of fixed line
telecommunication services as follows:

 

a)      T-Com will provide strategic advice and guidelines in development of the
domestic and international strategy, the BSC/ Objectives and in Branding
Issues.

 

b)      T-Com will provide advice and guidelines on basic and fixed line related  (i) IT
platforms and applications such as SAP and (ii) billing systems and (iii) processes.

 

c)      T-Com will
provide advice and guidance on (i) network strategy, (ii) platforms
and (iii) procurement .

 

d)      T-Com will
provide advice and guidelines on marketing and sales, such as product
development, innovations and distribution strategy .

 

e)     T-Com  will provide
advice and guidance on various reporting schemes (such as segment- based reporting,
flash reports, controlling reports, accounting report etc.) according to DTAG
standards. Thereby T-Com will ensure harmonisation at division level and
provide advice and guidelines for (i) Mid Term Planning, (ii) Budgeting
and (iii) Treasury.

 

f)      DTAG will
provide advice and guidance on special human resources items, such as (i) DT
Group leadership tools, (ii) know how transfer.

 

2.             The terms
and conditions, and the form of co-operation on the above fields shall be
further defined as needed between the Parties (e.g. holding bilateral meetings,
establishing steering committees, entering into bilateral agreements, etc.).

 

 

05.05.06

 

 

§ 5
Duration

 

1.             This
Strategic Cooperation Agreement shall come into force on January  1, 2005 and initially run until December 31,
2005. Thereafter it will automatically be extended by one year at a time unless
terminated with three months’ advance notice, to become effective at the end of
a calendar year.

 

2.             The right
of each contracting party to terminate the Strategic Cooperation Agreement for
good cause shall remain unaffected thereby.

 

3.             The Parties
are required to return any and all documents and materials relating to the
shareholding concerned, and all copies of such materials, upon termination of
the Strategic Cooperation Agreement .

 

 

§  6
Confidentiality

 

The Parties will keep secret any and all
confidential knowledge and materials acquired while performing its
responsibilities, subject to any statutory disclosure and information
requirements.

 

 

§  7
Final provisions

 

1.             This  Strategic
Cooperation Agreement  shall be governed
by and construed in accordance with the laws of the Republic of Hungary. All disputes arising out of or in connection with the present
contract shall be finally settled under the Rules of Arbitration of the
International Chamber of Commerce by one or more arbitrators appointed in
accordance with the said Rules. Venue of the Arbitration shall be Vienna.

 

2.             Any changes
and amendments to this Strategic Cooperation Agreement  must be made in writing in order to be
valid. The same applies for the waiver of the written-form requirement.

 

3.             Should
individual provisions of this 
Strategic Cooperation Agreement be or become invalid or
unenforceable, or should the Strategic Cooperation Agreement  contain an omission, this shall not affect the
validity of the remaining provisions. In the place of the invalid provision,
such provision shall be deemed to have been agreed as corresponds to the
purpose of the invalid or unenforceable provision. In the event of

 

 

05.05.06

 

 

omissions, such provision shall be deemed to have been agreed on which
corresponds to what would reasonably have been considered from the outset in
accordance with the intention and purpose of this Strategic Cooperation Agreement. In the event of any discrepancy between the terms of this Strategic Cooperation Agreement and Hungarian legislation or the by-laws of Matáv the Hungarian laws
or by-laws of Matáv shall prevail.

 

4.             The Parties
agree that they will only act and exercise any of its rights and powers under
this Strategic Cooperation Agreement if such an action or exercise serves the
best business interest of Matáv or adds value to its business results or
operating environment.

 

Budapest, 15th  of  December,  2004

 

 

	
  on behalf of T-Com:

  	
  on behalf
  of Matáv Rt:

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dr. Ralph Rentschler

  	
  Elek
  Straub

  
	
  Member of the Board of
  Management T-Com

  	
  Chairman
  of the Board

  
	
   

  	
   

  
	
   

  	
   

  
	
  Horst Hermann

  	
  Dr. Klaus
  Hartmann

  
	
  Senior Executive Vice
  President

  	
  Member of
  the Board

  

 

 

05.05.06Exhibit
4.31

 

STRATEGIC COOPERATION AGREEMENT

 

Between

 

 

T-Mobile International AG & Co. KG

Landgrabenweg 151

53227 Bonn

Germany

 

(“TMO”)

 

 

and

 

 

MATAV Rt.

Hungary

Address: 1013 Budapest, Krisztina krt. 55

 

(“MATAV”)

 

 

together referred to as “Parties”

 

1

 

Preamble

 

1.             MATAV and TMO belong to the Deutsche Telekom (“DT”)
group.            T-Mobile Hungary Rt., (“TMH”) is a wholly owned subsidiary of
MATAV. TMO is responsible within DT to manage the mobile business of the DT
group.

 

2.             In order to also make use of TMO’s expertise in
Hungary, MATAV wants TMO’s support to manage the mobile business and leverage
synergies for TMH, MATAV and TMO.

 

3.             In order to realize this effectively TMO needs
to conclude a strategic cooperation contract with MATAV.

 

Therefore, the Parties now agree,

 

§ 1 Management of TMH

 

1.             TMH was established by closed foundation on October 27, 1993,
pursuant to Act VI of 1988 on Business Organizations, as amended, Act XVI of
1991 on Concessions, Act LXXII of 1992 on Telecommunication and the original
Deed of Association. According to
the Deed of Association, the business of TMH is managed by
or under the direction of its Board of Directors according to the Rules of
Operations of the Board of Directors.

 

Based on the Concession Agreement between the Minister of Transport,
Communication and Water Management, the purpose of the Concession Company is to
provide public GSM 900 and DCS 1800 integrated public mobile radio telephone
services. In addition, the purpose of the Concession Company is to be engaged  in such other
activities which are necessary for the realisation of the concession activity
mentioned above, and for activities permitted by the Concession Contract on the
basis of the Telecommunications Law.

 

2.             MATAV and TMO will coordinate their efforts to
guarantee proper and orderly cooperation in the management of TMH as direct
shareholder and shareholder support respectively.

 

3.             Cooperation projects directly relating to TMO’s
expertise in the mobile communications business or other areas (e.g. t-zones)
may be delegated by TMH ́s Board to TMO for TMO ́s sole responsibility.

 

4.             The Parties agree that main target is to
maximise TMH’s shareholder value which is best achieved by maintaining the position
in the market as the market leading

 

6/2

 

operator in Hungary, and when they exercise their rights and duties under this
Agreement, they shall consider such main target as the priority.

 

5.             According to the guidelines in Section 4. of §1. above, in the event there is an immediate requirement
for action in the mobile and/or related markets in Hungary, in particularly in
the fulfillment of the main targets of the relevant business plan/budget of
TMH, both TMO and MATÁV authorize TMH to act with immediate effect, provided
that the action falls within the business plan, and provided further that if
the by-laws of TMH or prevailing laws refer an issue to the exclusive
competence of the Board of Directors or the Shareholders Meeting of TMH, such
exclusive competence shall remain unaffected and the management of TMH may only
act subject to the approval of the Board of Directors or the Shareholders
Meeting. In such event TMH shall inform both TMO and MATÁV in writing about the
actions made.

 

§ 2 Shareholder Right

 

1.             As a general rule, MATAV and TMO shall
harmonise their position and will provide their joint and unanimous advice to
TMH’s Supervisory Board and Board of Directors and Top Management of TMH.

 

2.             The cooperation concerning the management of
TMH between MATAV and TMO shall not affect the formal decision making
processes/corporate governance procedures, including instruction rights of
MATAV as shareholder as set out in the TMH Deed of Association and/or required
by the laws of the Hungarian Republic.

 

§ 3 Principles of management

 

The
Parties will organize their cooperation on the management of TMH as follows:

 

1.             According to the decision of the Board of
Directors, TMH is required to harmonize its activities as far as possible and
reasonable with the rules and procedures of MATAV.

 

2.             In the event there is a conflict in the
harmonization process referred to in Section 1. above,
then TMH is required to report back to the Board of Directors and ask for guidance.

 

Subject
to the terms and conditions of Section 1-2. above, the management
principles are the following:

 

a.        MATAV will lead the financial reporting and
consolidation issues in order to meet all statutory and tax requirements of the
Republic of

 

6/3

 

Hungary. TMH will report
in parallel directly to TMO according to TMO standards.

 

b.       The budget (incl. Capex) and the long term
planning for TMH are developed by TMH bottom-up, based on the planning guidelines
provided by MATAV and TMO, reconciled with TMO and decided and approved by
TMH ́s Board of Directors.

 

c.        TMO may nominate suitable candidates and give
advice on suitable board members (such as supervisory board and board of
directors) and top management for TMH (selection, remuneration, remuneration policy, development and performance appraisal).
The final decision on such candidates is regulated in the by-laws of TMH.
Beyond that, the targets for TMH and its  management have to be reconciled with
TMO and approved by TMH ́s Board of Directors.

 

f.        TMO will decide on allowing TMH
‘s integration into the international alliance of the TMO group, and
will advise if such integration is desirable.

 

§ 4 Service Arrangements

 

1.             TMO will assist MATAV group to learn further
international expertise in the fields of mobile telecommunication services as
follows:

 

a)         i. TMO will give guidance on products, pricing,
and brand issues as well as communications, product development issues,
considering all the time the competition and/or local market requirements of
TMH

ii. Joint products of TMH and MATAV can be introduced locally as long as
they are not conflicting with the TMO guidelines

 

b)        i. TMO will give advice to TMH for all mobile
specific NT and IT platforms and systems

ii. MATAV will give TMH support regarding all non
mobile NT/IT items.

 

c)         i. TMO will integrate TMH into its procurement
process for mobile specific items

ii. MATAV group policies will give guidance regarding the procurement of
non-mobile specific items as long as it  achieves MATAV group synergies and
efficiency

iii. MATAV will supply leased lines and interconnection and all other
required fixed line telecommunications and data communications services as long
as MATAV offers competitive prices by following the rules of first-call
and last-offer.

 

6/4

 

d)       TMO will give guidance on distribution channels
and sales promotion and provide professional training for TMH staff.

 

e)       MATAV Group policies will give guidance about
real estate services

 

f)        TMO will support MATAV with TMH ́s internal
audit services

 

g)       MATAV, involving TMO and TMH, will give advice
and guidance to TMH in regulatory issues

 

2.             The terms and conditions, and the form, of
cooperation on the above fields shall be further elaborated between the
Parties.

 

§ 5 Duration

 

1.             This Agreement shall come into force on January  1, 2005 and shall be 
valid for an indefinite period of time, unless terminated with 3
(three)  months advance notice by either
Party, to become effective at the end of any calendar year.

 

2.             The right of each contracting party to
terminate the Agreement for good cause shall remain unaffected thereby.

 

3.             The Parties are required to return any and all
documents and materials relating to the Parties concerned, and all copies of
such materials, upon termination of the Agreement.

 

§ 6 Confidentiality

 

The
Parties will keep secret any and all confidential knowledge and materials
acquired while engaging in this Agreement, subject to any statutory disclosure
and information requirements.

 

§ 7 Final provisions

 

1.             In the case that any clause of this Agreement
should be in conflict with Hungarian legislation or the charter of TMH or MATAV
the latter shall prevail.

 

2.             This Agreement shall be governed by and
construed in accordance with the laws of the Republic of Hungary. All disputes
arising out of or in connection with the present contract shall be finally
settled under the Rules of Arbitration of the International Chamber of
Commerce by one or more arbitrators appointed in accordance with the said
Rules. Venue of the Arbitration shall be Vienna/Austria.

 

6/5

 

3.             Any changes or amendments to this Agreement
must be made in writing in order to be valid. The same applies for the waiver
of the written form requirement.

 

4.             The Parties agree that they will only act and
exercise any of their rights and powers under this Agreement if such an action
or exercise serves the best business interest of the MATAV group or adds value
to its business results or operating environment.

 

 

Budapest, 15th of 
December,  2004

 

 

	
  on behalf of TMO:

  	
   

  	
  on behalf of Matáv Rt:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Michael Günther

  	
   

  	
  Elek Straub

  
	
  Member of the Board

  	
   

  	
  Chairman of the Board

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Dr. Klaus Hartmann

  
	
   

  	
   

  	
  Member of the Board

  

 

6/6

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