Telenor Montenegro buy is just the start for 4iG

PPF Group is selling Telenor Montenegro just three years after it acquired the business as part of a drive to become a medium-sized European telecoms operator group.
The Czech investment group is working on a deal of undisclosed value to offload the asset to Hungarian ICT company 4iG, which is itself in the process of building up its telecoms portfolio. The firms have inked a preliminary agreement that will see 4iG run due diligence on Telenor Montenegro between now and the end of September, at