British telecom group Vodafone agreed on Monday to sell its Hungarian car division To the domestic analogue 4iG and the state-owned holding company Corvinus Zrt for 1.8 billion euros ($1.8 billion).
The giant registered in London added in Statement that the proposed sale will create Hungary second Larger fixed-line and mobile telecom operator.
“this mixture with 4iG allow Vodafone Hungary … to play Basic role in The future growth And the development of The sector as a much stronger and fully converged operator,” added CEO Nick Reed in Statement.
“The unified entity will increase competition and you have bigger access Investment to promote digital of Hungary. “sale”also Support the Hungarian state goal of creating a national … a hero” in information and communication technology.
A Vodafone spokesperson said the proceeds would be used to trim or reduce its balance sheet debtApparently build Scale in other markets.
European heavyweight Vodafone, which has been restructured for Several years, is expected to be selling complete at the end of 2022.
as part of This is a strategy and weave Vodafone off The phone towers division of Vantage Towers is incorporated on German stocks market last year.
