Extraordinary Notice of 4iG Plc.
on the termination of negotiations regarding the acquisition of T-Systems Hungary
4iG Public Limited Company (registered seat: 8 Montevideo Street HU-1037 Budapest, company registration number: 01 10 044993, hereinafter: 4iG Plc.) hereby informs the investors that 4iG Plc. (“4iG”) and Magyar Telekom Plc. (“Magyar Telekom”) have decided to terminate the negotiations regarding the acquisition of T-Systems Hungary Ltd. (“T-Systems Hungary”) following 4iG’s initiative.
As the parties announced on July 9, 2019, they started negotiations on the potential sale of T-Systems Hungary to 4iG and signed a non-binding Heads of Terms. Following the initiative of 4iG, the parties have today agreed to cancel the Heads of Terms.
4iG and Magyar Telekom intend to continue exploring cooperation opportunities with the aim of partnering in the field of services sold to the public and enterprise segments. The consortial agreements concluded earlier between the parties remain in effect with unchanged conditions.
Budapest, December 10, 2019
Board of Directors