Magyar Telekom signs Heads of Terms about the sale of T-Systems Hungary
Budapest, July 9, 2019 11:00
With the successful closing of the transaction, Magyar Telekom and 4iG will enter into a partnership for the sale of telecommunications services of the large enterprise and public sectors
4iG Plc. and Magyar Telekom Plc. agreed on major terms regarding the sale of T-Systems Hungary - announced the companies on the homepage of the Budapest Stock Exchange (B T). Today, the parties have signed the heads of terms about the transaction. The transaction may be closed after the due diligence of T-Systems and obtaining the relevant regulatory approvals, later this year.
According to the announcement, published on the B T homepage, upon closing the transaction, 4iG shall purchase T-Systems Hungary, whereby they will be the owner of the company and its subsidiaries as well. In the agreement, concluded between 4iG and Magyar Telekom, the parties have already agreed on the most important terms of the transaction, with the fully detailed set of conditions to be worked out during the months to come.
The transaction does not include the small and medium enterprise segment sales business of T-Systems, which will be reorganized into Magyar Telekom, prior to signing the final sales agreement. After closing the sales process, 4iG and Magyar Telekom will enter into a long term partnership, since T-Systems will continue to sell Magyar Telekom's telecommunications services in the large enterprise and public segments. Furthermore, 4iG will also acquire rights to use the T-Systems brand name for an additional three years.
The accelerated digitalization of the economy represents a unique opportunity for 4iG. The objective of our company is to become a major corporation of the IT sector in this dynamically evolving market environment in Hungary, and within 2-3 years, in the region. - said Gell rt J szai, President and CEO of 4iG. T-Systems Hungary is one of the most important milestones in achieving our growth objectives. And the further development of our company may be boosted by the fact that, upon successfully closing the transaction, Magyar Telekom, a leading provider of the telecommunication market, will also become our strategic partner - added Gell rt J szai, reflecting on today's announcement.
In relation to signing the agreement, Tibor R kasi, CEO of Magyar Telekom said that We are proud of T-Systems, which - with its 1600 strong own workforce and thousands of people at partner companies - is a leading info-communications provider of the country and a transformation partner of several corporations and institutions. We have agreed with a professional strategic investor that will continue this innovation activity, and can support the further growth of T-Systems . He added that The objective purpose of Magyar Telekom remains the same: to always provide our customers with the best quality, integrated services, on the best network. We continue to build an efficient and agile Telekom, that strengthens its market leader positions, develops and grows, hence creates value for shareholders and society as a whole .
The intention of the parties is to close the transaction by the end of this year, subject to regulatory approvals, the due diligence process, the finalization of the contractual terms and signing the legal documentation. The full details of the transaction shall become binding upon signing the final sale and purchase agreement, of which the companies will inform investors and the members of the public later.
About T-Systems Hungary
With its continuously growing sales revenues, T-Systems Hungary is one of the most important info-communications companies of Hungary. During the past three years, its revenues in the IT and SI sectors increased by a factor of 1.5. Currently, the company has a staff of 1600. In 2018, the company was a market leader on both the telecommunications (51,3%) and IT/SI (16%) markets, within the enterprise segment. T-Systems Hungary was established as a wholly owned subsidiary of Magyar Telekom Plc. in 2012, using the international T-Systems brand, building upon the aggregated expertise of 5 renowned industry players of the then Hungarian market: KFKI System Integration Ltd., IQSYS Ltd., ISH Information Systems Ltd., Dataplex Ltd., and Daten-Kontor Ltd. The company extends its internal competencies with a rather wide network of partners, including 1300 firms, and operates a modern project and service management organization.As an innovative company, T-Systems was the first in Hungary to demonstrate an artificial intelligence based customer service solution (working for Magyar Telekom under the name of Vanda), and a test run of self-driving cars controlled using the 5G network, additionally, has credit for a number of major digitalization projects in the public transport, healthcare and banking sectors.
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
07/10/2026
Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
22/07/2026
Among other tweaks to coverage, the broadcaster added announce positions in the ...
22/07/2026
The Australian Sports Technologies Network (ASTN) has reported a sharp acceleration in Australia's sportstech sector, with revenue growth rising from 10% in...
22/07/2026
From a retrofitted broadcast bus to packed Match Day Live! events, Bennett detai...
22/07/2026
TMRW Sports has named Brendan Donohue as President, Flag Football, where he will lead the company's professional flag football business in partnership with ...
22/07/2026
Stephen Arnold Music (SAM) designed and produced soundtracks for nine projection...
22/07/2026
Harmonic has announced a $25,000 donation to Global Empowerment Mission (GEM) fo...
22/07/2026
Telemundo has announced it has acquired from UC3 exclusive U.S. Spanish-language...
22/07/2026
The Rest Is Football, hosted by Gary Lineker, Alan Shearer, and Micah Richards, ...
22/07/2026
Sports Studio has announced a partnership with TheSoul Group to distribute Free ...
22/07/2026
Daktronics has concluded its 2026 High School Video Summit, a two-day hybrid event combining virtual sessions with hands-on host school visits across the countr...
22/07/2026
FOR-A America will exhibit at the MMCA Show in Pensacola, Florida (July 21-24), marking the company's first appearance at the house of worship AV event. FOR...
22/07/2026
The New York Yankees have selected Lumen Technologies (NYSE: LUMN) to connect Ya...
22/07/2026
Calrec will exhibit at IBC 2026 (Stand 8.C47) with demonstrations of its IP-native audio ecosystem built around the Argo console range, and will announce two ne...
22/07/2026
Solid State Logic has announced the appointment of Algam EKO as its distributor for SSL large format consoles in Italy, covering the Live, Broadcast, and Studio...
22/07/2026
FloSports has announced the launch of the FloSports Channel, a free ad-supported streaming channel premiering on Prime Video in the U.S. on July 21. The channel...
22/07/2026
Banana Ball TV (BTV), the broadcast operation of the Savannah Bananas, has insta...
22/07/2026
SiriusXM and Audacy have announced an agreement bringing 42 Audacy sports, news, and talk stations from 29 U.S. markets to SiriusXM. Twenty-three Audacy sports ...
22/07/2026
The collaboration produced more than 500 short-form videos across four cities th...
22/07/2026
At 2,600 sq. ft., the new home of digital content houses a main studio, podcast space, and an auxiliary control room
NFL franchises are accelerating their prod...
22/07/2026
Library now available in Engine Player
Another of Eduardo Tarilonte's popular sample libraries has just been moved over to Engine Audio's Engine Pla...
22/07/2026
All-in-one mic & DSP interface overhauled
Cloudvocal have just refreshed the design of their all-in-one mic, audio interface and DSP processor, introducing ...
22/07/2026
The final boss of the lost dual-op-amp circuit
Electro-Harmonix have just introduced the Deluxe Big Muff Pi 2, which they say offers their latest take on t...
22/07/2026
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({ content_source:......
22/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
22/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
22/07/2026
Proven managed IP solution helps broadcasters confidently navigate the future of broadcast distribution
LTN announces it has completed successful satellite-to-...
22/07/2026
Today, Chaos announced V-Ray 7, update 4, eliminating the need for asset conversions and tool switching, which slow down media and entertainment pipelines. Arti...
22/07/2026
An AI playground for the Project Indigo camera app
Marc Levoy July 22, 2026
0 Comments
At left is the user interface of our Playground, running on an ...
22/07/2026
Custom Consoles announces the completion of a large technical furniture project for Radio T l vision Suisse (RTS) at the networks recently inaugurated productio...
22/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
22/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
22/07/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
22/07/2026
Culver City, CA, July 21, 2026 3D streaming infrastructure provider Miris today announced glTF intake, including the binary .glb form, to its spatial streamin...
22/07/2026
Documentary Lo Invisible Captured with Blackmagic PYXIS 6K
Brie Clayton July 21, 2026
0 Comments
Camera's versatile design allowed filmmakers to c...
22/07/2026
AAF Bridge converts AAF and XML Timelines to Ableton Live - and back
Jerome Gardier July 21, 2026
0 Comments
A two-way converter for macOS and Windows...
22/07/2026
From Class to Concert: Explore a Student-Led Production of David Bowies Work Thr...
22/07/2026
A poisoned spy, a secret war, and a small English city contaminated by a deadly chemical weapon. Available on Sky Documentaries from 4 AugustWednesday 22 July 2...
22/07/2026
Audio at Parity: Comscore Launches Transcript-Level Targeting and Measurement wi...
22/07/2026
Arvato Systems and Lobster Enter into a Partnership and Combine the Integration Platform and Managed Services
Flexible integration solutions for cloud, hybrid...
22/07/2026
RT REPORTS NET SURPLUS OF 22.5 MILLION IN 2025...
22/07/2026
In the Opinion of the Censor airs Monday 27 July at 9.35pm on RT One and RT Player
In the Opinion of the Censor looks at how films for theatrical release wer...
22/07/2026
Before a healthcare robot can be useful in the real world, it has to learn how the physical world pushes back. Anatomy varies. Instruments bend, press, slip and...
21/07/2026
New research involving a cross-section of Mongolias independent media landscape finds enthusiasm for AI as a tool to improve efficiency, sustainability and resi...
21/07/2026
With winners Spain having already paraded the World Cup trophy through Madrid in front of millions of fans and the dust now settling on an epic tournament of th...
Magyar Telekom signs Heads of Terms about the sale of T-Systems Hungary 
