Extraordinary Announcement of 4iG Plc.
Extraordinary Announcement of 4iG PLC on the signing of the sales transaction for the acquisition of 100% of shares of Invitech ICT Services Kft.
4iG Public Limited Company (hereinafter: “4iG”) hereby informs its Esteemed Investors and the Participants of the Capital and Financial Markets that 4iG has signed a sales agreement (“Transaction”) for the acquisition of 100% of shares of Invitech ICT Services Limited Liability Company (registered office: 4 Edison Street, Budaörs, H-2040; company registration number: 13-09-190552, registration authority: Budapest District Court; hereinafter: “Invitech”) with Invitech’s current owner, Rotamona Limited. The Transaction will be concluded following the supervision procedure of the Hungarian Competition Authority (“GVH”).
With more than 600 employees, Invitech is one of the leading companies in Hungary in the field of high-capacity optical backbone networks and wholesale services for market players. The company provides managed infocommunication services to more than 5,000 corporate, institutional, and wholesale customers. Its portfolio includes broadband business internet, data center, IT security and cloud solutions, as well as voice and IT services. Invitech's own optical network, with 11 crossing points and a total nationwide coverage of 11,000 km, is the second largest in Hungary. The company operates 23,000 end-user IT devices, has five in-house data centers, and its infrastructure services are used by all domestic mobile operators.
4iG will keep its shareholders informed about the Transaction in the future at all times.
Budapest, September 13th, 2021