Vodafone to sell its Hungarian business for $1.8 billion

British telecom company Vodafone said on Monday it will sell its Hungarian business for 715 billion forints ($1.8 billion) in cash.

Vodafone is selling its Hungarian business to Hungarian 4iG and state-run Corvinus Zrt. The deal is expected to create Hungary's second largest telecoms operator. 

The deal, which does not include Vodafone's shared services business VOIS, is expected to be completed by the end of 2022.

Picture Credits: Reuters

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