Hungary’s 4iG is on track to become the leading player in the Albanian telco market, having entered into a final agreement to buy One Telecommunications for an undisclosed fee, writes broadbandtvnews.com
According to 4iG, the acquisition marks another step in its expansion strategy in the Western Balkans and could be completed following regulatory procedures in Albania. One Telecommunications is the second-largest and fastest-growing mobile operator in Albania with 1.36 million subscribers. Last year, it achieved revenues of €68.1 million with an EBITDA of €20.8 million. It has 632 transmission towers suitable for 5G mobile communications in addition to 4G/LTE services.
As previously reported by Broadband TV News, in early December, 4iG has signed a final agreement to acquire 80.27% of the shares of ALBtelecom, a majority-owned subsidiary of Turkey’s Çalik Holding, for an undisclosed fee.
