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HomeTechnologyThe Invitech acquisition of 4iG has been completed

The Invitech acquisition of 4iG has been completed

4vit has become the property of Invitech ICT Services Kft.

With the acquisition, 4iG has taken another significant step in order to become one of the key players in the telecommunications market in Hungary and in the region, in addition to IT.

With the transaction one of the outstanding players in the Hungarian telecommunications and IT network market joins the 4iG group of companies. 4iG and Invitech, together, are already one of the leading players in Hungary in several areas of infocommunication services.

thousands of kilometers long – means its own optical backbone network, while operating 23,000 end-user IT devices and having five of its own data centers. The services of Invitech’s infrastructure are used by all domestic mobile service providers.

Gellért Jászai, President and CEO of 4iG Plc.

4iG Plc. is one of the largest players in the Hungarian IT and ICT market. The company has been present in the field of industry- and industry-independent innovative technologies for more than 25 years, and the group is also constantly expanding its interests and services in the field of telecommunications and satellite communications. It employs more than 1,200 people and had sales of HUF 57.3 billion last year.

in addition to IT, it can become a key player in the telecommunications industry. Thanks to the strategic partnership agreement with the Hungarian state, 4iG will be able to acquire a majority stake in Antenna Hungária Zrt. This year. Within a year, the highest value of the shares was HUF 1,134, the lowest was HUF 488.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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