Listen to the audio version of this article (generated by AI).
Listen to the audio version of this article (generated by AI).
Gestamen produces small arms designed to meet NATO operational requirements and oversees the entire development and manufacturing process.
The company has developed a proprietary modular weapons family spanning seven product categories.
Separately, 4iG also announced on the bourse website that another subsidiary, 4iG Telecommunication Holding, has acquired a 99% stake in telecommunications operator Netfone Telecom. Netfone Telecom, which manages 106,000 SIM cards and operates a nationwide sales network, has established itself as a major player in Hungary’s mobile virtual network operator market.
Following the acquisition, Netfone Telecom will continue to function as an independent entity, while the 4iG Group will provide the necessary network infrastructure, technological backing, and financial stability for its operations, the company said.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
