Hungary tightens state control with Yettel share swap

The Hungarian government has increased its holding in mobile operator Yettel as part of an ongoing strategy to tighten state control in the telecoms sector.
It’s a complex share swap deal, but the key takeaway is that the Hungarian state has picked up a 25% indirect stake in the country’s second-biggest mobile operator in exchange for some of its holding in Vodafone Hungary. And that enables it to have a bigger presence in telecoms.
“The transaction will further increase the Hu