4iG’s subsidiary Antenna Hungária has entered into an agreement to sell MIS Omega Mobilhálózat, which owns Digi mobile infrastructure.
The company, which owns 2,500 towers, active and passive radio network assets, as well as the rights and spectrum licences for the use of the 1800 MHz frequency band, will be acquired by Pro-M, a company owned by the Hungarian state, for HUF68 billion (€182.3 million).
4iG had been negotiating with several potential buyers on the sale of Digi’s mobile network assets, of which Pro-M Pls’s offer was accepted. The value of the transaction includes the cost of one-year operation required by Pro-M and the costs of building the new core network for the tower infrastructure. The buyer will pay in three instalments until July 31, 2024.
Pro-M is the telecom service provider for Hungary’s emergency services.