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IN BRIEF: Vodafone Group completes sale of Hungary division

31st Jan 2023 14:14

Vodafone Group PLC - Berkshire, England-based telecommunications company - Completes sale of Vodafone Hungary to 4iG Public Ltd Company and Corvinus Zrt for a cash consideration of HUF660 billion, or EUR1.7 billion. Vodafone Hungary is a wholly-owned indirect subsidiary of Vodafone Group, while 4iG is the leading telecommunications and IT group in Hungary. Proceeds from the sale are intended to be used for deleveraging.

Current stock price: 93.50 pence, down 0.1%

12 month change: down 28%

By Holly Beveridge; Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.


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