4iG Flags Sale of Some Digi Mobile Assets
Photo by Radu Bercan / Shutterstock.com
Listed ICT company 4iG on Thursday said that Digi, wholly owned by its subsidiary Antenna Hungaria, intends to sell some of its mobile network infrastructure assets "in the near future", according to a report by state news wire MTI.
Digi "intends to sell in the near future certain elements of the mobile network infrastructure and the radio frequency usage rights exercised in the context of mobile telecommunications services, based on the opinion of the decision preparation forums", 4iG said.
4iG added that, given the specific nature of the transaction, it is announcing the planned sale even before a board decision on the matter is taken or a firm contract on the transaction signed.
4iG acquired Digi for EUR 625 million early in 2022.
Digi had material assets of HUF 53.7 bln at the end of last year, public records show.
Fuel Prices Move Closer to Avg of Neighboring Countries
Gov’t Reimbursing District Heating Service Providers
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.
