Telecom Competitors Merge Successfully
To foster its growth strategy, Hungarian Telephone and Cable Corporation (HTCC) with its Hungarian subsidiaries Pantel and Hungarotel acquired competitor Invitel in April 2007. Based on the positive experience of previous engagements, Capgemini was invited by HTCC management to support the integration with a sophisticated Program Management Office (PMO). The objective was to ensure a facilitated, structured, and best-in-class Post-Merger Integration (PMI). The joint post-merger integration team chose a holistic transformation process that led to bottom-line synergies of approximately ?17million in recurring OPEX savings. This result proved to be 14% higher than initially committed by management and reported to key stakeholders.