DIGI concludes sale of its Hungarian operations to 4iG

Digi Commmunications (“DIGI”) announces the concluding of the sale and purchase agreement regarding the acquisition of its Hungarian operations by 4iG Plc. RCS & RDS (The Company’s Romanian subsidiary) and 4iG agreed on 29 March, 2021 on the terms of a preliminary agreement for a possible transaction concerning the purchase of DIGI Távközlési Szolgáltató Ltd. (Digi Hungary) and of its subsidiaries, Invitel, Digi Infrastruktúra and I TV.

On November, 29, 2021 the parties finalised the negotiations ad executed the transaction documents for the transfer of the Hungarian subsidiaries and operations for a transaction value of EUR 625 million. The transaction is subject to conditions, including the competition authority’s clearance. DIGI and 4iG will cooperate to complete the transaction as soon as possible.

DIGI Group has been active in Hungary for the last 23 years, during which time it built a leading telecommunications services provider in the local market, offering a complete portfolio of cable and satellite TV (DTH), fixed and mobile data, and fixed and mobile telephony services. At the same time, DIGI is the first telecom service provider in Hungary to launch Fiberlink 10G, the highest bandwidth package, thereby starting a new chapter of technological development in this market.

By 2020, the Hungarian subsidiaries served more than 1.1 million subscribers nationwide and had over 2.5 million Revenue Generating Units (RGUs). In the same year, Group’s consolidated sales revenue in Hungary were HUF 70 billion (approx. EUR 200 million) and its adjusted EBITDA reached HUF 19 billion (approx. EUR 54 million).