4iG Q1 Sales Jumped 135% y.o.y.
Image: Facebook
First-quarter net sales revenue of listed IT company 4iG jumped 135% year-on-year to HUF 115.2 billion, boosted by its acquisition of a controlling stake in Vodafone Hungary, according to an earnings report published on the website of the Budapest Stock Exchange.
Vodafone closed the purchase of a 51% stake in Vodafone Hungary on January 31, 2023.
It raised its stake in the telco to 70.5% through a share swap on March 20.
The acquisition secured substantial mobile market shares for 4iG in Hungary while also strengthening its position in fixed telephony, fixed broadband and TV services.
It is now the runner-up in the mobile and fixed telephony markets and the leader in fixed broadband and TV services.
Erste Bank Hungary Q1 Earnings Close to HUF 29 bln
Hungary Welcomes Extension of China's Visa Exemption Policy
Living's Kassák Terrace and Park West 3 Classified as Brownf...
Aldi Opening Biggest Store in Budapest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
