4iG Nyrt. (BUSE:4IG) entered into a preliminary and non-binding agreement to acquire DIGI Távközlési és Szolgáltató Kft. from S.C. RCS & RDS S.A. on March 29, 2021.

As of November 30, 2021 4iG Nyrt. (BUSE:4IG) signed an agreement to acquire DIGI Távközlési és Szolgáltató Kft. from S.C. RCS & RDS S.A. for HUF 232 billion.Pursuant to the terms, 4iG would acquire a 100% shareholding of S.C. RCS & RDS S.A. in Digi and its subsidiaries Invitel and I TV.

In 2020, DIGI's operations recorded consolidated revenues of HUF 70 billion and adjusted EBITDA of HUF 19 billion. The transaction is subject to due diligence, execution of definitive agreement and necessary competition authority approvals. The transaction is expected to complete by September 2021.

The transaction is expected to close in January 2022, subject to regulatory clearance. Filip & Company acted as legal advisor to Digi Communications N.V. DIGI intends to use the HUF 232 billion in proceeds to pay off debt as well as further investments in other markets where it operates and potentially new markets in Western Europe.