Invitel completes on sale and purchase agreement re: Fibernet acquisition

22 Nov 2010

Hungarian altnet Invitel Holdings has announced that its subsidiary Magyar Telecom (not to be confused with larger rival Magyar Telekom [MTel]) has signed a sale and purchase agreement with FN Cable Holdings to acquire all of the issued share capital of Fibernet Hungary, the sole owner of domestic operator Fibernet Kommunikajcia. Simultaneously Magyar Telecom has also entered into an asset purchase agreement with UPC Magyarorsza¡g, concerning the latter’s acquisition of approximately one-third of Fibernet’s network assets. The transaction could be completed in Q1 2011 after receiving the approval of the competition office GVH.

Fibernet provides cable television, broadband internet and telephone services to over 150,000 households and UPC is purchasing a network capable of serving 166,000 households – 80,000 subscribers are signed up at present.

Hungary,Invitel (a subsidiary of DIGI),

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share