Hungarian telecoms/ICT group 4iG yesterday disclosed that one of its subsidiaries DIGI is planning to divest some of its mobile network assets in the short term, Budapest Business Journal (BBJ) writes, citing a report from state news wire MTI. 4iG said that DIGI ‘intends to sell in the near future certain elements of the mobile network infrastructure and the radio frequency usage rights exercised in the context of mobile telecommunications services, based on the opinion of the decision preparation forums.’ 4iG added that, given the specific nature of the transaction, it is disclosing the planned sale even before a board decision on the matter is taken or a firm contract on any transaction(s) is signed. BBJ adds that DIGI (Hungary) had material assets of HUF53.7 billion (USD158 million) at the end of last year, according to public records.
Alongside quadruple-play operator DIGI, 4iG owns another fixed/mobile/internet/pay-TV network provider, Vodafone Hungary, following a takeover completed at the end of January and a subsequent deal to increase its stake. 4iG’s other Hungarian telecoms divisions include Invitech, Antenna Hungaria, Hungaro DigiTel and AH Net, while DIGI itself incorporates subsidiary Invitel.