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Hungary's 4iG to Acquire Majority Stake in Antenna Hungária

Hungary's 4iG to Acquire Majority Stake in Antenna Hungária Image Credit: Bigedhar/Bigstockphoto.com

State-owned telecommunications company Antenna Hungária and Hungarian IT and communications company 4iG have entered into a a agreement to create a leading telecomss and telecoms infrastructure service provider company in the Central and Eastern European region.

With the transactions, 4iG will acquire a majority stake in Antenna Hungária. Antenna Hungária has been a key player in the Hungarian telecommunications sector for decades. The company is the exclusive provider of national digital terrestrial television and analogue radio broadcasting in Hungary. Antenna Hungária has a 25 percent stake in Telenor Hungary (Telenor Hungary and Telenor Real Estate, CETIN Hungary), and after closing the ongoing acquisition, it will also own MVM NET, which owns and operates government telecommunications infrastructures.

4iG PLC is one of the largest players in the Hungarian IT and ICT market, as well as one of the leading groups in Hungary's knowledge-based digital economy. 4iG has been present in the field of industry- and industry-independent innovative technologies for more than 25 years. The Group is also constantly expanding its interests and services in the field of telecommunications and satellite communications (CarpathiaSat, Hungaro DigiTel). In the spring of this year, 4iG announced a joint expansion strategy with Antenna Hungária, as well as major Hungarian and international acquisitions. With the successful completion of these acquisitions addition to IT, 4iG can soon become one of the key players in the telecommunications industry. In 4iG’s telecommunications portfolio, the range of companies affected by the contribution will be determined by, among other things, the results of ongoing acquisitions and the valuation of the assets of Antenna Hungária.

Gellért Jászai, President and CEO of 4iG PLC
The strategic partnership agreement concluded with the Hungarian state is a significant economic historical moment of the Hungarian telecommunications market, from which we will soon establish one of the leading telecommunications holding companies in the Central and Eastern European region with the cooperation of the state and private capital.

Zsolt Sárecz, President and CEO of Antenna Hungária Zrt
Based on the consolidation processes in the market, we are convinced that the integrated telecommunications company established jointly with 4iG PLC - of which the MVM NET transaction announced in early August also plays an important part - a key player can be created in the domestic and even regional telecommunications market, which, with its services and infrastructure, can compete with international and multinational companies as well.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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