A 4iG announced todayto establish a subsidiary in Montenegro, which was registered with the Podgorica Registry Court yesterday under the name “4iG Montenegro” Podgorica.
The Hungarian IT company announced in early July that it had signed a preliminary, non-binding agreement to acquire a 100 percent stake in Telenor Podgorica (Telenor Montenegro) and its subsidiaries. It was then written that the planned transaction could be completed by the end of November 2021, following the screening of the target company and its subsidiaries, the signing of the sales contract and the approval of the Montenegrin Competition Authority.
Telenor Montenegro is the absolute market leader in the Montenegrin mobile segment with 338 thousand subscribers and in 2020 with sales of € 43 million.
Montenegro is not the only country in the Balkans where 4iG is expanding, the Hungarian company announced in mid-September that it could acquire a majority stake in one of the leading IT and network development groups in the Balkan region. The acquisition may be completed by the end of December, following the review of TeleGroup, the conclusion of the final contract and the necessary approvals from the Competition Authority.
The news of the establishment of the company in Montenegro is now the second from 4iG, the company announced this morning that the joint subsidiary of 4iG (75%) and Antenna Hungária (25%), Hungaro DigiTel (HDT), has signed a final contract with SpaceCom to acquire a 51 percent stake in the company. SpaceCom, listed on the Tel Aviv Stock Exchange, is a satellite operator and service provider with global coverage with four geosynchronous satellites, which provides its services in Hungary and the Central and Eastern European region via AMOS 3 satellites.
The price of 4iG has risen by 2, today and 44 percent this year.
Cover image: Gábor Szabó
Source: Portfolio.hu – Üzlet by www.portfolio.hu.
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