4iG Successfully Completes Vodafone Hungary Takeover

In partnership with the Hungarian State, 4iG, the Hungarian telecoms and IT group completed its acquisition of quadruple-play telecoms operator Vodafone Hungary, and the transaction was closed on January 31, 2023. 4iG announced the takeover completion update on the Budapest Stock Exchange. With the completion of this acquisition, 4iG acquired a 51 per cent controlling stake in Hungary’s second-largest telecom company, and Corvinus Nemzetkozi Befektetesi, a Hungarian State-owned company, acquired the other 49 per cent indirect stake as per the sale and purchase agreement signed on January 8.

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Also Read: Vodafone to Sell Vodafone Hungary for 1.7 Billion Euros

Transaction Assets

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.

No Change to Customers

4iG announced customers would not be affected by the change of ownership, and Vodafone services will continue to be available to residential and business customers.

Market Leader in Fixed Internet Services

As a result of this transaction, the resultant company formed by the merger of the fixed and mobile communications portfolios of 4iG Group and Vodafone Hungary has become the second-largest mobile voice and internet operator and the market leader in fixed internet services and television broadcasting in Hungary. The Group’s stakes in telecommunication companies result in a total of 7.6 million RGU (revenue-generating subscriptions) in Hungary.