Digi has issued a response to the decision by the Hungarian Competition Authority (GVH) to block its proposed takeover the alternative telco Invitel.
The Hungarian Competition Authority (GVH) has withdrawn its permission for Digi to acquire Invitel, the country’s leading alternative telco.
Digi Communications has completed the acquisition of the leading Hungarian alternative telco Invitel almost a year after the deal was first announced.
The Hungarian competition authority GVH has approved the acquisition of Invitel, the country’s leading alternative telco, by Digi.
Hungary’s leading alternative telco Invitel has launched a low-price internet package aimed at users who are not yet online.
Digi has agreed to buy the retail and small business customers of the rival Hungarian telco Invitel for around HUF43 billion (€140.8 million).
Magyar Telekom remains the leading provider of fixed broadband services in Hungary, while the country’s main alternative telco Invitel is not raising its market share.
Hungary’s leading alternative telco Invitel is to be sold by its current owner Magyar Telecom to the China-CEE fund (CEE Equity) for an enterprise value of €202 million.
The Scripps Networks Interactive channels Food Network and Fine Living will be distributed by the leading Hungarian alternative telco Invitel from January 1, 2017.
The Hungarian telco Invitel has obtained a grant of HUF1.95 billion (€6.35 million) from the European Union.