The Hungarian competition authority GVH has approved the acquisition of Invitel, the country’s leading alternative telco, by Digi.
However, reports BBJ, quoting the news agency MTI, it has also imposed certain conditions on the deal.
They include a requirement for Digi to sell the Invitel networks it has acquired in 16 locations from Invitel within a six-month period.
It also has exit from lease contracts with independent fixed-line telcos in 25 locations.
As previously reported by Broadband TV News, Digi agreed to buy the retail and small business customers of Invitel for around HUF43 billion (€140.8 million) in July 2017.
Invitel has been owned by the China-CEE fund (CEE Equity) since early 2017, while Digi, a leading player in Hungary’s pay-TV market, is owned by Romania’s RCS&RDS.
