Netfone Telecom manages 106,000 SIM cards, mainly for retail and small business subscribers.

After the transaction closes, Netfone Telecom will continue to operate as an independent company, while 4iG Group will provide network infrastructure, technological support and financial stability for its operations, 4iG said.

The deal must still be cleared by the Competition Office (GVH).

4iG S+D signs cooperation agreement with state-owned defence industry company HM EI

4iG Space and Defence Technologies has signed a memorandum of understanding with state-owned HM Electronics, Logistics and Property Management (HM EI), parent company 4iG announced on Wednesday.

The sides aim to "explore strategic cooperation opportunities in the field of defence digitalisation and to identify opportunities for cooperation based on mutual benefits" under the agreement.

The MoU specifies that 4iG S+D and HM EI are open to cooperation in software development, system integration, operations, IT and telecommunications infrastructure development and cybersecurity. The parties will weigh the possibility of establishing a joint venture to provide a structured framework for technology development and efficient implementation of domestic and international projects.
 

HM EI provides high-tech IT and technical developments and solutions for the Hungarian Defence Forces, the Ministry of Defence and other state bodies.

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

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