Hungarian IT company 4iG has signed a preliminary agreement with the Minister for the Management of National Assets on gaining a majority stake in state-owned telecom infrastructure company Antenna Hungaria (AH) through a capital increase.
4iG will transfer the telecommunications assets in its portfolio to Antenna Hungária, giving it control of the company, creating one of the leading telecommunications holding companies in the CEE region.
With the transactions, 4iG can acquire a majority stake in Antenna Hungária. According to the agreement, the state will still have a minimum 20% stake in the company.
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.
Gellért Jászai, President and CEO of 4iG said: “The acquisition of the majority stake in Antenna Hungária and the combination of the two companies' telecommunications portfolios, expertise, and know-how will contribute to the technological development of the Hungarian telecommunications sector and the provision of competitive and high-quality services in the business and retail segments.”
The company has a 25% stake in Telenor Hungary (Telenor Hungary and Telenor Real Estate, CETIN Hungary). Antenna Hungary also provides satellite communications services, LoRaWAN IoT network services, and other telecoms/ICT services.
After the completion of the ongoing acquisition, it will also own MVM NET Zrt., Which has or operates the government’s telecommunications infrastructure. MVM Net operates a national 450MHz LTE-based network providing government/public sector/wholesale clients with critical communications/M2M/IoT services, supported by a 9,000km-plus fibre network.
Budapest Stock Exchange-listed 4iG has been present in the field of the industry- and industry-independent innovative technologies for more than 25 years, and the group is also constantly expanding its interests (CarpathiaSat, Hungaro DigiTel) and services in the field of telecommunications and satellite communications.
4iG agreed to acquire 100% of broadband, pay-TV, and mobile network operator DIGI (Hungary) – including subsidiaries Invitel and i-TV – in late March, a deal which it expects to wrap up in September. Furthermore, at the start of June 4iG bought a 75% stake in satellite operator Hungaro DigiTel, and later that month it entered into a preliminary agreement to buy a 51% stake in another international satellite provider, Israel’s SpaceCom.