Shareholders of Vodafone Hungary have cleared the spin-off of its infrastructure activities, owner 4iG said on Tuesday.
From January 1, 2025, the mobile telecommunications infrastructure will operate in the company V-Hálózat, while commercial operations will take place in ONE Hungary.
4iG had announced the launch of a programme to split its commercial activities and infrastructure into separate companies in November 2023.
Source: Martin Pettitt/Flickr
Additional economic news from today:
- AKK sells HUF 20bn of three-month T-bills at auction, as planned
The Government Debt Management Agency (AKK) sold HUF 20.0bn of discount three-month T-bills at auction on Tuesday, in line with the original offer. Primary dealers bid for HUF 42.1bn of the securities.
Average yield was 5.51pc, 5bp over the secondary market benchmark yield, but 4bp under the yield at the previous auction of the bills one week earlier.
- AKKO Invest board advises against accepting buyout offer
The board of listed asset management company AKKO Invest recommended shareholders not accept a buyout offer as they could miss out on a higher return than that provided by the bid price in a statement issued on Tuesday.
The board noted that the parties acting in concert to make the offer — Mevinvest, Wingholding, Dayton-Invest and the investor Tibor Veres — planned to further develop AKKO’s portfolio which could financially benefit shareholders. Shareholders who accept the buyout offer could miss out on “upside potential”, the board said.
AKKO announced that it had received the mandatory buyout offer — at HUF 266/share, the statutory minimum — a week earlier.
Read also:
- Hungary targets foreign retailers: Government aims to curb Temu’s market domination – read more HERE
- Orbán cabinet targets ‘significant’ minimum wage rise for 2025
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4 Comments
The Real Person!
The Real Person!
Same name change in New Zealand ….vodafone changed to One New Zealand. Vodafone branding was costing a fortune.
The Real Person!
The Real Person!
What business or commercial sense does this make?!?!
The Real Person!
The Real Person!
The Fidesz government bought Vodaphone Hungary putting it in government hands to be better able to spy on Hungarians. There is no other logical reason for them to spend 1.8 billion euros the government doesn’t have. Use T-Mobile. Their service is better and you are less likely to have dictator Orban monitoring you. There is no democracy in Hungary. They will come after you in you oppose the government.
The Real Person!
The Real Person!
Since it’s government owned, does that mean taxpayers will be on the hook to pay for rebranding?