The info-communications group 4iG has completed the acquisition of Vodafone Hungary following the payment of the purchase price.
The transaction, which valued Vodafone Hungary at HUF660 billion (€1.69 billion), was agreed on January 8 and saw 4iG acquire 51% and the Hungarian state a 49% indirect stake in what is the second largest telco on the Hungarian market.
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.
Customers will not be affected by the change of ownership. Vodafone services will continue to be available to both residential and business customers in the same form.
The national group of companies, 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 in Hungary, and the market leader in fixed internet services and TV broadcasting.
The telecommunications companies in which the froup has a stake have a total of 7.6 million RGUs in Hungary.