PRESS RELEASE
Montenegro government and 4iG Group entered into partnership
The parties mutually terminated their inherited litigations and confirmed their future strategic cooperation in a Memorandum of Understanding
- 4iG Plc and the Government of Montenegro agreed that the parties close their litigations and disputes with immediate effect inherited from the acquisition of ONE Crna Gora, mobile service provider.
- Following the agreement, Dritan Abazović, Prime Minister of Montenegro, and Gellért Jászai, Chairman of 4iG Plc signed a Memorandum of Understanding to speed up the digital transition in the Western Balkan country.
- The ICT sector is a key driver of social and economic development in Montenegro. Digitalization has a significant impact on sustainable economic development, in which 4iG Group can be a strategic partner of the Montenegrin government in the future.
- The parties intend to extend the cooperation to include 5G network and infrastructure the development and the introduction of innovative solutions. 4iG is committed to provide cutting-edge knowledge and support to Montenegro and Western Balkans region as a whole.
4iG entered the telco market of the Western
Balkans as a strategic investor in 2021 with the acquisition of Telenor
Montenegro. Later rebranded as ONE Montenegro, the mobile operator is a market
leader, and its technological development is at the forefront in the country.
“The signing of this agreement has brought
immense satisfaction to both parties, but it's particularly noteworthy that
Montenegro stands to gain significant benefits from this collaboration.
Simultaneously, the conditions created through this partnership will lead to a
remarkable improvement in the quality of services provided to citizens, akin to
those experienced within the European Union. The esteemed presence of 4iG in
the region and the country promises to introduce cutting-edge technologies,
elevate cyber security to new heights, and catalyze the digitalization of
public administration,” said Dritan Abazović, Prime Minister of
Montenegro.
The Prime Minister, beaming with optimism,
expressed his confidence that this is merely the inaugural step in a series of
agreements to come, as Montenegro looks forward to forging more such
partnerships with remarkable companies like 4iG. The prospect of further
collaborations holds the potential for even greater advancements and
achievements on multiple fronts.
The agreement between the
Montenegrin government and 4iG Plc could lay the foundations for a high level
of professional and technological cooperation to support and accelerate
Montenegro's digital transition.
„The Memorandum of Understanding we have just
signed is the first step of a long-term cooperation that can ensure an active
role in Montenegro’s digital development and the resulting increase in economic
and social competitiveness”, said Gellért Jászai, Chairman of 4iG Group, after the signing
ceremony. “Our competences and experience gained in the ICT sector can help
us to provide a multi-level opportunity to accelerate digitalization in
Montenegro, from IT solutions for public services to residential and business
telecommunication services.”
The Memorandum of Understanding
highlights the importance of telecommunications, and in particular, the ICT
sector in the social and economic development of Montenegro, as well as the
significant potential of digitalization and a technology-based economy to
promote sustainable economic growth. The cooperation could thus also include
infrastructure development and the widespread dissemination of innovative
solutions. 4iG Group is playing a major role in the expansion of the 5G
network, smart city projects towards sustainable housing and improving the
efficiency of the info-communications infrastructure in Montenegro.
4iG's
extensive experience in the digitalization of public services, the development
and integration of e-government projects can improve the efficiency of public
administration. To achieve these objectives, 4iG Plc and the Government of
Montenegro intend to establish a joint working group, which will regularly
assess the results of the cooperation and identify and implement specific
activities. In the future, 4iG may also propose new development programs to
meet the growing demands of digital transformation. In order to achieve the
goals set out in the "Digital Transformation Strategy of Montenegro
2022-2026", the cooperation can deliver solutions across economic,
telecommunications and digitalization sectors.
– end –
Budapest, 27 July 2023
Background information:
4iG Group
4iG Plc, a Hungarian
majority-owned company based in Budapest, Hungary is the leading
telecommunications and IT group in Hungary and the Western Balkans, and one of
the leading companies in the knowledge-based, digital economy. The Budapest
Stock Exchange listed company's fresh and innovative approach and its position
as Hungary's leading IT systems integrator make the Group a leading residential
and business service provider in the region's digital transformation. 4iG's
dynamic expansion strategy has made it a dominant player in the Hungarian and
Western Balkan telecoms markets. The Group is continuously expanding its
services, expertise and portfolio to meet the changing needs and demands of the
telecom and IT markets. The 4iG Group currently employs nearly 8,200 people. www.4iG.hu.
More
information:
Péter Elkán
Group Head of
Corporate Affairs and Communication
sajto
(@) 4ig.hu