The Hungarian government had to act on the chance to buy a 49% stake in Vodafone’s local operation, according to Gergely Gulyás, the head of the PM’s office.
Speaking in a press conference and quoted by BBJ, he added that the opportunity may not have arisen, or the chances of it arising would have been slim, at a later date.
Significantly, Gulyás also said that the assumption that the state would have to borrow money to buy the 49% stake in Vodafone Hungary was “not far from reality”.
As previously reported by Broadband TV News, earlier this week 4iG and Corvinus, representing the Hungarian State, agreed to buy a 100% stake in Vodafone Hungary for HUF715 billion (€1.77 billion) in cash.
