The Hungarian Telephone and Cable Corp. (HTCC) has announced that it has completed to acquisition of Invitel from American International Group and GMT Communication Partners for €470 million. This follows the news that deal, which was first announced in January, has finally been given the go ahead by the Hungarian Competition Office. HTCC is 63% owned by the Denmark’s TDC and lists PanTel, a leading provider of infrastructure for cable operators, among its interests. Invitel is meanwhile one of the leading alternative telcos in Hungary, providing services to nearly 500,000 residential and over 20,000 business customers.
About Chris Dziadul
Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com