Its shares ended the Monday trading session at RON41.5, an increase of 1.2%. The company will use this amount for repayment of the financial debt, as well as for investments in potentially new markets in Western Europe, it said in its report to the Bucharest Stock Exchange.
“The Company would like to inform its investors and the market that on January 3, 2022 the Company’s Romanian subsidiary (RCS&RDS) and 4iG Plc (4 iG Plc) one of the leading companies of the Hungarian IT and ICT market, successfully closed the transaction regarding the acquisition of DIGI Tavkozlesi Szolgaltato Ltd (Digi Hungary) and of its subsidiaries, Invitel Ltd, Digi Infrastruktura Korlatolt Felelossegu Tarsasag and I TV Ltd by 4iG Plc,” Digi said.
Digi and its subsidiaries will use the money for repayment of the financial debt of the Group, as well as for further investments in their markets of operations and potentially new markets in Western Europe, the company added.
“Following the fulfilment and/or waiver of the conditions established by the parties upon the execution of the sale and purchase agreement and the application of all relevant adjustments, on January 3, 2022 an aggregate price of approximately EUR624.98 million has been received by RCS&RDS.
Digi Hungary is a leading telecommunications service provider in Hungary, with 23 years of experience and a broad service portfolio covering cable TV, fixed internet and data, mobile telecommunication services, fixed-line telephony and Direct To Home (DTH) services. It serves more than 1.1 million subscribers nationwide and has over 2.5 million Revenue Generating Units (RGUs) as of 31 December 2020.
In 2020, the Group’s consolidated sales revenue in Hungary was HUF70 billion (approximately EUR200 million) and its adjusted EBITDA reached HUF19 billion (approximately EUR54 million).
4iG Plc. is one of the leading companies of the Hungarian IT and ICT market, plays a leading role in Hungary’s knowledge-based digital economy. 4iG has been present in the field of industry and industry-independent innovative technologies for more than 25 years.
(English version by Loredana Fratila-Cristescu)