Starting today, 4iG Plc. Became the 100 percent owner of DIGI Távközlési Szolgáltató Kft. And its three subsidiaries, after the financial closing of the company announced last March took place on Monday, 4iG announced.
In November, 4iG, which is majority-owned by Gellért Jászai and wins state orders and has been growing at an astonishing pace recently, announced the acquisition of DIGI’s property in Hungary for EUR 625 million. According to the company’s current announcement, this is one of the largest acquisitions in Hungary in recent years.
The leaders of the RCS & RDS media group will leave the company’s management and supervisory boards with the change of ownership. Gyöngyvér Papp-Gerlei, who comes from the head of the telecommunications and media group from Antenna Hungária, was entrusted with the operational management and managing duties of DIGI. The future goal of 4iG is to increase DIGI’s subscriber base among retail and business subscribers, and to expand the Hungarian company’s network and services.
The announcement that 4iG will contribute its domestic and Western Balkan telecommunications interests to Antenna Hungária Zrt. In the first quarter of 2022, in accordance with the strategic agreement concluded with the state, will give 4iG a majority stake in AH.
With its DIGI acquisition and the Antenna Hungária transaction, Jászai’s company is one of the largest telecommunications companies in Hungary. will set up a new regional telecoms group headquartered in Budapest, the announcement said.
DIGI serves more than 1.1 million subscribers nationwide and has more than 2.5 million subscriptions. Most of the networks operated by DIGI are based on advanced fiber optic technology. The number of employees of the DIGI Group in Hungary is 2,700. The consolidated sales revenue of its recent Hungarian interests was HUF 70 billion, and its adjusted EBITDA reached HUF 19 billion. DIGI has 61 and its subsidiary Invitel has 16 other customer service offices in major cities in Hungary.