Antenna Hungaria, a subsidiary of the 4iG Group, has signed a definitive agreement to fully acquire the Hungarian-owned PR-Telecom, a regional fixed-line telecommunications operator in Hungary. PR-Telecom has its own network infrastructure and provides television, internet, and fixed voice services in ten counties and nearly 200 settlements.
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Expansion of Customer Base and Network Coverage
The buyout of the regional 3P telecoms company, which provides television, internet and fixed telephone services, will allow 4iG Group to further increase the number of customers and fixed network coverage in Hungary, 4iG Group said in an official statement this month.
PR-Telecom's Network Infrastructure
PR-Telecom has a network of approximately 3,400 kilometers, of which the main network covers 1,000 kilometers and the Fiber to Home network 670 kilometers. The company currently serves 250,000 households and 55,000 customers with high-quality services over its own fixed fiber and mixed fiber-coax infrastructure.
"The buyout of PR-Telecom is a good opportunity for us to expand our optical network and coverage in Hungary. The transaction allows us to strengthen our leadership further in the fixed segment and, in some areas, save time and resources for intensive network expansion investments," the 4iG Group said.
"With synergies and cross-selling opportunities, and development of the network, we will be able to offer PR-Telecom customers a higher quality and wider range of services in the future. We continue to rely on the management and employees of PR-Telecom in future operations," it added.
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Transaction Timeline
According to the official release, the transaction is expected to close in Q4 2024, following the approval of the Hungarian Competition Authority (GVH). The 4iG Group is a majority-owned Hungarian company based in Budapest, Hungary.
