Antenna Hungária acquires 25% of Telenor Hungary
The PPF Group has sold a 25% stake of the Hungarian Telenor companies, Telenor Hungary and Telenor Real Estate to Antenna Hungária, hvg.hu reports, citing a joint statement by the partners.
State-owned Antenna Hungária and Telenor have established a new holding company operating as a joint venture, owned 75% by the PPF Group and 25% by Antenna Hungária.
PPF continues to manage the business operation of Telenor Hungary and the company’s management will continue to operate in an unchanged form, according to the statement. Antenna Hungária, as a strategic partner, will delegate one person for the board of directors and another for the supervisory board of the new holding company as well as an observer to the board of directors and another to the supervisory board of Telenor Hungary and Telenor Real Estate.
The PPF Group acquired Telenor’s telecommunication companies in Hungary, Bulgaria, Montenegro and Serbia in July 2018, website adozona.hu adds.
Moody's Affirms Budapest's 'Baa3' Rating
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
.jpg)
