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Wolf Theiss Advises 4iG on Acquisition of PR-Telecom

Hungary
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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.

Wolf Theiss at a Glance

With over 360 lawyers in 13 countries, over 80% of the firm’s work involves cross-border representation of international clients. We have concentrated our energies on a unique part of the world: the complex, fast-developing markets of the CEE/SEE region. Through our international network of offices, we work closely with our clients to develop innovate solutions that integrate legal, financial, and business know-how.

Wolf Theiss provides fully integrated corporate services in mergers and acquisitions, private equity, real estate, banking and finance, tax and insurance, employment law, competition law, energy law, privatisation, restructuring, public procurement and litigation. At Wolf Theiss, we measure our success by the success of our clients. We align our goals with yours to ensure that your needs are being met in even the most complex of cross-border matters. This means that we know how to listen to you and help you use the assets you already have while finding opportunities.

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Wolf Theiss – Leading Lawyers in CEE/SEE