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New Deal


Announced

Antenna Hungaria to acquire a 25% stake in Telenor Hungary from PPF Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mobile communications

Minority

Mobile

Single Bidder

Private

Hungary

Acquisition

Friendly

Pending

Private Equity

Synopsis

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Antenna Hungaria, Hungary’s state-owned broadcast operator, agreed to acquire a 25% stake in Telenor Hungary, the second largest mobile phone operator in Hungary, from PPF Group, a privately held international financial and investment group. Financial terms were not disclosed. “This transaction will strengthen our market position in this competitive and mature telecommunications market while at the same time affirming PPF’s commitment as a long-term, mid-sized telecommunications owner in the CEE,” Ladislav Bartonicek, PPF Group.

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