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Wolf Theiss and CMS Advise on 4iG's on Acquisition of Direct One from Canal+

Hungary
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Wolf Theiss has advised Digi Tavkozlesi es Szolgaltato Kft. on acquiring Direct One from Canal+ Luxembourg S.ar.l. CMS advised the seller.

The transaction is expected to close in Q4 of 2024 pending approval from the Hungarian Competition Authority.

Digi Tavkozlesi es Szolgaltato Kft. is a telecommunications subsidiary of 4iG Group – a telecommunications and IT group in Hungary and the Western Balkans.

Direct One is the Hungarian satellite customer base of Canal+, which, according to Wolf Theiss, is Europe's largest satellite and IP television provider.

"Through the closing of the transaction, 4iG Group will add 155,000 satellite subscribers to its customer base and will solidify its leading role in the Hungarian satellite broadcasting market," according to Wolf Theiss.

Recently, Wolf Theiss advised 4iG Group and its telecommunications portfolio manager Antenna Hungaria Plc. on its acquisition of a 100% stake in PR-Telecom Tavkozlesi Zrt (as reported by CEE Legal Matters on August 9, 2024). In 2022, Wolf Theiss advised 4iG on the acquisition of an 80.27% stake in AlbTelecom from Turkey's Calik Holding's subsidiary (as reported by CEE Legal Matters on May 17, 2022).

The Wolf Theiss team was led by Counsel Norbert Balint and included Senior Associate Peter Ihasz.

The CMS team was led by Partner Eszter Torok and included Partner Dora Petranyi, Senior Counsel Peter Homoki, and Associates Szabina Marsi and Orsolya Pass.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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