Vodafone Hungary

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VOD

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VODAFONE GROUP PUBLIC LIMITED COMPANY

Vodafone to sell Hungary unit for 1.8 bn euros

British telecoms group Vodafone agreed yesterday to sell its Hungarian division to local peer 4iG and state-owned holding company Corvinus Zrt for 1.8 billion euros ($1.8 billion).

The London-listed giant added in a statement that the proposed sale would create Hungary's second largest fixed-line and mobile telecoms operator.