4iG shares jumped 9.25 percent to trade at 850 forints on the Budapest bourse at 0843 GMT. The sale is expected to be completed by the end of 2022. "The Hungarian Government has a clear strategy to build a Hungarian-owned national champion in the (Information and Communications Technology) sector," Vodafone Chief Executive Nick Read said in a statement. Businessmen close to Hungary's ruling Fidesz party have come to dominate several industries as the government, which was re-elected for a fourth consecutive term in April, expands its direct involvement in a number of key sectors. CEO and largest shareholder, told Reuters in 2019 that 4iG planned to grow through debt-fueled acquisitions in Central Europe. 4iG has grown exponentially in recent years, becoming the dominant ICT group in Hungary through acquisitions, lucrative state contracts and organic growth of its existing operations. "Now there is a chance for a Hungarian company, with a state ownership stake, to become a significant player in the telecoms market as well," he said. Minister for Economic Development Marton Nagy, in a statement, noted the government's prior successes in boosting ownership in other strategically important sectors.
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The British mobile phone and broadband group said it had agreed non-binding terms with the buyers, 4iG and state-run Corvinus Zrt. Help with mobile data plans Mobile broadband If youre going online using a Vodem or Pocket WiFi, we have the latest software for your device and tips and tricks to make the most of your mobile broadband connection.
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However, this may have changed due to number portability or usage by a mobile virtual network operator. camera carer-system case-study-mid cases chart-line-mid chat-mid chevron-down-system chevron-down chevron-left chevron-right chevron-up-system chevron-up clock-new clock-or-timed close-small close collections € € comment-mid community-or-foundation-mid community completed-mid connected-devices-mid contract converged-proposition-mid Data Created with Sketch. Mobile: Mobile Phone Company: Vodafone Originally, mobile phone number 0449 266 674 allocated to the Vodafone company. calendar Icons+Indicators / System-Icons / landline_or_call / #333333 Created with Sketch. add-icon add-ons-boosts-mid icon-app-store auto-top-up basket-change bill-or-report-mid bill-pay-phones-icon 4C91DB73-75FE-4565-8F69-BC6C675B1EA1 bin block-system block bonus broadband-dark broadband-icon broadband-light broadband-or-wifi 1 broadband-or-wifi-mid broadband bundles-mid business Calendar Created with Sketch.
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