
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 ...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
02/05/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
01/05/2026
January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...
01/04/2026
January 4 2026, 18:00 (PST) DOLBY AND DOUYIN EMPOWER THE NEXT GENERATON OF CREATORS WITH DOLBY VISION
Douyin Users Can Now Create And Share Videos With Stun...
18/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
18/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
18/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
18/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
18/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
18/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
18/03/2026
SMPTE , the home of media professionals, technologists, and engineers, today unveiled its educational presentations for the 2026 NAB Show. This year SMPTE will ...
18/03/2026
Maxon, maker of powerful, approachable software solutions for creators working in 2D and 3D design, motion graphics, visual effects, gaming, and more, today ann...
18/03/2026
Digital Alert Systems
Preview
2026 NAB Show
April 19 - 22
Booth C3452
At the 2026 NAB Show, Digital Alert Systems will showcase Version 6.0 of its DASDEC ...
18/03/2026
Setplex today announced that it will showcase its complete, fully integrated Zapflex platform for the first time at the 2026 NAB Show, introducing powerful new ...
18/03/2026
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE ...
18/03/2026
COW Jobs: Seeking DP for Low Budget Dramedy - Chicago
Brie Clayton March 17, 2026
0 Comments
Seeking Director of Photography for Low Budget Dramedy Fe...
18/03/2026
COW Jobs: Seeking Gaffer for Low Budget Dramedy - Chicago
Brie Clayton March 17, 2026
0 Comments
Seeking Gaffer for Low Budget Dramedy Feature Film- I...
18/03/2026
COW Jobs: Seeking Location, Sound for Low Budget Dramedy - Chicago
Brie Clayton March 17, 2026
0 Comments
Seeking Location/Sound for Low Budget Dramed...
18/03/2026
COW Jobs: Seeking Child Wrangler for Low Budget Film - Chicago
Brie Clayton March 17, 2026
0 Comments
Seeking Child Wrangler for Low Budget Dramedy Fe...
18/03/2026
Calrec Redefines Broadcast Workflows at NAB 2026 with its Most Powerful Hardware...
18/03/2026
Oscar Nominated Two People Exchanging Saliva Posted with DaVinci Resolve Studio
Brie Clayton March 17, 2026
0 Comments
DaVinci Resolve Studio handle...
18/03/2026
Boston Conservatory Presents Celebrated Musical Satire Urinetown Performances for this Center Stage production will take place at Boston Conservatory Theater ...
18/03/2026
Charlie Puth Joins Switched On Pop at Berklee NYC The Berklee alum spoke with host and Berklee NYC professor Charlie Harding for a live taping, answering audi...
17/03/2026
NASA+'s Rebecca Sirmons and Brittany Brown offer unique look at live streami...
17/03/2026
The transition to IP has fundamentally reshaped professional media infrastructures. Video, audio, and increasingly metadata now circulate as independent, precis...
17/03/2026
Live sports streaming can push every element in your video delivery chain to its limit, exposing every potential weakness in seconds. When the Super Bowl, the O...
17/03/2026
Texas Athletics sought to modernize its media production, enhance fan experience...
17/03/2026
Ikegami USA will demonstrate the latest additions to its wide range of broadcast...
17/03/2026
TNA Wrestling and iHeartMedia announces a new multi-platform collaboration that will integrate iHeartMedia across TNA's premium live events, weekly televisi...
17/03/2026
The goal was to transform Hard Rock Stadium into a global leader in sports and e...
17/03/2026
Spectrum has announced the launch of its new Multiview feature in the Spectrum TV App, giving customers the ability to watch up to four NCAA men's or women&...
17/03/2026
Genius Sports deal also covers data technology, AI, fan engagement, and performance analysis....
17/03/2026
Net Insight is supporting the rollout of a new state-wide centralized operation with Rede Massa, which is an SBT affiliate, the Brazilian regional television ne...
17/03/2026
Featuring audio from practice sessions, qualifying races, and Grand Prix races, the film represents Apple's sports-media ambitions
At Sunday night's Ac...
17/03/2026
Live broadcast has always been one of the most demanding environments in media a...
17/03/2026
DirecTV is introducing several new viewing features, including a multi-screen March Madness Mix channel and an updated Sports Central mobile app hub, ahead of...
17/03/2026
Deltatre has announced a multi-year partnership with ATP Media, the media arm of the ATP Tour, covering broadcast graphics, data, and production across the 2026...
17/03/2026
The Detroit Pistons have announced a third consecutive season partnering with Sc...
17/03/2026
Fresh Finds Africa spotlights emerging artists and movements across the continent and its global diaspora, with listeners tuning in to discover new Afro-forward...
17/03/2026
Last month, more than 60,000 fans piled into Bangkok's Rajamangala National ...
17/03/2026
Vintage-inspired channel strip joins line-up
Black Rooster Audio's latest plug-in provides an all-in-one mixing tool inspired by classic analogue consol...
17/03/2026
Level and EQ voice, reverb and noise independently
The latest plug-in to join Accentize's collection is said to take a new approach to dialogue processi...
17/03/2026
UHF radio mic & IEM bandwidth at risk
Once again, the UHF bandwidth that is currently allocated to RF audio gear is at risk of being reassigned to high-spee...
17/03/2026
Last Friday, the first Plant Fire Department Training Week in Bavaria successf...
17/03/2026
New campaign from NAATI and SBS CulturalConnnect highlights how we all deserve ...
17/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
17/03/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
17/03/2026
3D streaming infrastructure provider Miris today announced the launch of a public beta for its new 3D asset streaming platform. Miris is building the infrastruc...