Hungarian operator 4iG Group revealed its plan to separate its business into three entities by 2025, a move to streamline operations and bring in external investors to raise the overall value of the group to HUF400 billion (US$1.15 billion).
In a statement, 4iG Chairman Gellért Jászai said: “One of the key objectives of the transformation process is to monetise the excess value of our network and mobile infrastructure in Hungary and abroad.
“Based on our current estimates, we expect the separation of commercial activities and infrastructure to increase the value of the company by more than HUF 400 billion,” said 4iG Chairman, Gellért Jászai.
Removing duplications within the business is also another objective, added the operator.
The transformation will begin with the division of 4iG's telecom and IT businesses into three units: telecoms trading, infrastructure and IT trading.
As part of the process, the operator’s space and technology interests will be combined into a standalone entity to capitalise on opportunities in the sector. The units will be centrally managed.
The transformation programme also opens doors to external investors to acquire minority stakes in its network and mobile infrastructure, a move to raise cash, reduce debt and invest in infrastructure upgrades.
