RCS & RDS, the Romanian subsidiary of Digi, and 4iG, a company operating on Hungary’s IT and communications market, in late March 2021 settled the conditions of a preliminary agreement regarding a possible deal for the purchase of Digi Tavkozlesi Szolgaltato Ltd. and of subsidiaries Invitel, I TV and DIGI Infrastructure.
On November 29, the two sides finalized negotiations and sealed the deal for the transfer of DIGI subsidiaries and operations of Hungary to 4iG for EUR625 million.
The deal is pending some conditions, including the approval of competition authorities.
DIGI group has been present for 23 years in Hungary, building a telecom operator with a top position on the local market.
4iG, the buyer of Digi operations, is backed by an investment vehicle (Konzum Management) having among stakeholders one of Hungarian prime minister’s business allies, Lorinc Meszaros.
(English version by Catalina Apostoiu)