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

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.