Vodefone Hungary sale completed
January 31, 2023
The acquisition of Vodafone Hungary Telecommunications has now been completed upon payment of the purchase price.
According to the sale and purchase agreement signed on January 8th, 4iG, the telecommunications and IT group, has acquired 51 per cent and the Hungarian State has acquired 49 per cent indirect influence in the second largest telecommunications company on the Hungarian market.
The enterprise value (EV) of Vodafone Hungary disclosed in the transaction is HUF 660 billion (€1.69bn).
As a result of the acquisition, Vodafone Hungary’s mobile frequencies, active radio transmission equipment, active antennas and cables, part of the outdoor cabinets, as well as the uplink and optical network serving the towers, have been transferred to the new owners. Customers will not be affected by the change of ownership. Vodafone services will continue to be available to both residential and business customers in the same form.
4iG Group says the transaction will enable it to reopen the market in a number of service areas and play a key role in the digital transformation of the Hungarian economy, while strengthening its role in the region in the field of info-communications services.