The change to the outlook was driven by 4iG's expected deleveraging and progress in integration of acquisitions, Scope said.

4iG acquired a controlling stake in Vodafone Hungary, with about 3 million subscribers, at the start of the year.

The companys operating profitability is expected to be boosted by "increasing synergies" and the announced phase-out of the utility tax in 2024 and the sectoral tax on telecommunications companies in 2025, Scope said.