Vodafone to sell Hungarian business for $1.8 billion

  • 📰 RTEbusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 61%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Vodafone will sell its Hungarian business for $1.8 billion in cash, in a deal that will create a locally-owned telecoms leader in the central European country.

The British mobile phone and broadband group said it had agreed non-binding terms with the buyers, Hungarian 4iG and state-run Corvinus Zrt.

The deal - which does not include Vodafone's shared services business VOIS - is expected to create Hungary's second largest telecoms operator. "The Hungarian Government has a clear strategy to build a Hungarian owned national champion in the sector," Vodafone chief executive Nick Read said in a statement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines