Vodafone flogs Hungary unit to systems integrator 4iG

UK-based Vodafone’s bid to slim down and focus on its core markets has taken a €1.8 billion step forward.
The telco on Monday agreed to sell 100 percent of its Hungarian unit to a pair of buyers: local systems integrator 4iG and state-owned holding company Corvinus. The all-cash deal will see them take stakes in Vodafone Hungary of 51 percent and 49 percent respectively. The transaction is expected to close, subject to due diligence and the usual regulatory checks, by the end of this