ICT

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Hungary makes giant bid to buy Vodafone

Hungary makes giant bid to buy Vodafone

2 min read Hungary, 4iG, ICT, telecom, Vodafone

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