Digi Communications has partially paid off its debts following the sale of its Hungarian subsidiary to 4iG.
In a statement to investors, it says that between January 3, the date of the closing of the transaction, and January 19 the company and its subsidiaries made a repayment amounting to €272,017,424.
Digi received €625 million from the sale, which was undertaken by its Romanian subsidiary RCS&RDS, and will use some of the funds to invest in Western European markets.
Both RCS&RDS and Digi Hungary are key players in their countries’ respective electronic communications markets.
