4iG Nyrt. (BUSE:4IG) entered into a non-binding Term Sheet to acquire Telenor d.o.o from PPF Group N.V. on July 9, 2021. Telenor has sales revenue of 43 million in 2020. The successful completion of the transaction, following the completion of the due diligence, is subject to the approval of the Montenegrin authorities. 4iG will start due diligence on Telenor, the results of which are expected at the end of September and will allow it to make a final offer for the acquisition of Telenor d.o.o., Podgorica. The parties have agreed to close the transaction by 30 November 2021 at the latest.