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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.

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DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

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DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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