Hungarian state parts with stakes in telco Yettel
State-owned Corvinus International Investment has signed agreements on the sale of its 25 percent stakes in Yettel Magyarorszag and Yettel Real Estate Hungary, and its 20 percent stake in CETIN Hungary to a member of Czech investment company PPF Group, the Economic Development Ministry said on Tuesday.
Proceeds from the sale will be used to finance the purchase of Liszt Ferenc International operator Budapest Airport, the ministry said.
The government will continue to play a role in the telecommunications sector through its cooperation agreements with Magyar Telekom and Vodafone as well as Corvinus’s 29.5 percent stake in Vodafone Hungary, the ministry said.
The ministry did not disclose the sale price.
Read also:
If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
please make a donation here
Hot news
Hungary’s EU presidency will lead Romania, Bulgaria into the Schengen Zone – Orbán supports both states
Top Hungary news: snow covered Hungary, regime change in Budapest parking, forint free fall – 22 November, 2024
THE ranking: GyÅ‘r’s Széchenyi István University among the top science universities
Hungarian minister proud that both German and Chinese battery plants are built in Hungary
Here are the top Hungarian cities for expats seeking a new home
Drugs situation in Budapest serious, leading politician says
