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.

Turkey’s Trendyol raises $1.5 bln, valuing it at $16.5 billion

Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, said yesterday it had entered into agreements to raise $1.5 billion from a number of high-profile investors, valuing the company at $16.5 billion.


That makes the company Turkey's first "decacorn," a word used for those companies over $10 billion, according to a written statement.

Study: 62 pct of Romanians dream to move to countryside, in coming years; essential condition - good Internet connection

Nearly two thirds of Romanians (62 pct) living in the urban environment could move to the countryside, in the next one or two years, but the number one condition to make this step is a good internet connection, show the results of the Vodafone Institute's Digitising Europe Pulse survey published on Wednesday.

Telecom companies sign contracts for launch of 5G network

Greece's telecoms watchdog, the Hellenic Telecommunications and Post Commission (EETT), on Wednesday signed contracts with the country's three major telecoms providers Cosmote, Vodafone and Wind for the use of the 700MHz, 2GHz, 3400-3800 MHz and 26 GHz radio frequency band widths, which pave the way for a 5G network.