A collection of 6 posts
Telco 4iG’s One Hungary brand launched this month, combining Digi Hungary and Vodafone Hungary into a single, state-backed telco, after a government-subsidized shopping spree aimed at challenging Deutsche Telekom’s local subsidiary, Magyar Telekom. The new company One Hungary will offer fixed, mobile, and pay-TV services as part of
Hungarian-government-linked telco 4iG and Telecom Egypt will jointly construct an express subsea cable between Albania and Egypt. Telecom Egypt is a major subsea cable operator, and last October signed a Memorandum of Understanding (MOU) with 4iG. The cable will serve as a high-capacity, intercontinental connection linking Africa and Asia to
Hungarian operator 4iG Group revealed a plan to streamline operations and bring in external investors to raise the overall value of the group to HUF400bn (USD 1.15bn). In a statement, 4iG Chairman Gellert Jaszai said: “One of the key objectives of the transformation process is to monetise the excess
A memorandum of understanding (MOU) signing between Hungary’s 4iG and China’s Huawei, both controversial companies close to their respective governments, has provoked anger from the US government. Huawei and 4iG say they want to play a pivotal role in the global race for high-speed 5G data transmission. The
Hungary has finalised a deal to acquire Vodafone Europe’s Hungarian unit for HUF 660bn (EUR 1.6bn) in the largest state purchase since the change of regime in 1990. The Hungarian state made the deal through its holding company Corvinus, which has obtained a 49% stake, while government-linked company
Vodafone Group has agreed to sell its Hungarian subsidiary to the Hungarian state and government-affiliated systems integrator 4iG for HUF 715bn (EUR 1.75bn) in a cash purchase, the parties announced on Monday. According to the preliminary, non-binding agreement, 4iG would own 51% of Vodafone Magyarorszag, and the cash-strapped Hungarian