4iG acquires stake in Antenna Hungaria
4iG Plc (4iG) has contributed its indirect stakes of 80.27% in ALBtelecom and 99.8% in One Telecommunications to Antenna Hungária, raising capital of HUF132 billion (US$379.12 million) in the company.
As a result of the transaction, 4iG holds a 76.78% stake in Antenna Hungária Zrt., and the Hungarian state has a 23.22% stake. In August 2021, 4iG agreed with the Hungarian state to create a national telecommunications group by merging the telecommunication portfolio of the capital market company with Antenna Hungária.
According to the agreement, 4iG has contributed its entire telecoms portfolio to Antenna Hungária by the beginning of April 2022. As a result of the dual phased capital increase a worth total of HUF534 billion (US$1.53 billion), Antenna Hungária became the owner of the following telecommunications companies: Hungarian DIGI Group (DIGI Távközlési és Szolgáltató Kft., Invitel Zrt., DIGI Infrastruktúra Zrt., i-TV Zrt.), Invitech ICT Kft, as well as Montenegrin mobile operator ONE Crna Gora, Albanian 4P (broadband internet, tv, voice and mobile) provider ALBtelecom and Albanian mobile operator ONE Telecommunications.
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