Hungary’s 4iG sells Digi mobile infrastructure following Vodafone migration

Hungarian telecom and IT group 4iG is sell the former Digi’s mobile infrastructure following a migration of its subscribers to the Vodafone Hungary network for HUF68 billion.

Antenna Hungária, owner of 4iG Group’s telecommunication assets, has signed a deal with another Hungarian state-backed telecom outfit, Pro-M, for the sale of the Digi Hungary mobile infrastructure. The sale concerns MIS Omega Mobilhálózat Ltd, carved out from Digi Távközlési Ltd in May this year, which owns the tower network.
4iG said it had been negotiating with several potential buyers before settling on Pro-M.

4iG has said it is exploring merger and outsourcing opportunities for its fixed infrastructure in Hungary and passive mobile infrastructure in the Western Balkans with a view to transforming its telecoms business processes, improving profitability, and raising capital.

Pro-M, owned by the Hungarian State and a subsidiary of NISZ National Infocommunications Services Company Ltd., is the telecommunications service provider for the Hungarian emergency services.

4iG, which had earlier acquired Digi Hungary from Romania’s Digi, acquired Vodafone Hungary in the first quarter, establishing itself as the the second largest in the Hungarian telecoms market in mobile voice and internet services, and the market leader in fixed internet services and television broadcasting.

The company, whose activities in Hungary come within the scope of the Hungarian government’s strategy of establishing ‘national champions’ in key sectors, is also active internationally, including in Albania, where it owns ONE Albania, the result of a merger of ALBtelecom and One Telecommunications.

4iG reported net revenues of HUF115.17 billion for the first quarter, with EBITDA of HUF36.27 billion.

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