Wolf Theiss has advised the 4iG Group and its telecommunications portfolio manager Antenna Hungaria Plc. on their acquisition of a 100% stake in PR-Telecom Tavkozlesi Zrt.
The transaction is expected to close in Q4 of 2024, pending approval from the Hungarian Competition Authority.
4iG is a telecommunications and IT group in Hungary and the Western Balkans.
PR-Telecom is a wholly Hungarian-owned telecommunications company with a 25-year history and employs 160 people. It provides TV, internet, and telephone services over its own fixed fiber and mixed fiber-coax infrastructure, reaching approximately 250,000 households and 55,000 customers. The former owners of PR-Telecom will continue to participate in managing the company after the closing of the transaction.
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.
