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4iG Flags Sale of Some Digi Mobile Assets

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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.

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