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Evening Standard
Evening Standard
Business
Simon Hunt

Vodafone to sell Hungary business in £1.5 billion deal

Vodafone Hungary United Kingdom

A Vodafone shop in Oxford

(Picture: REUTERS)

Telecoms firm Vodafone has sold its Hungarian business in a deal worth 715 billion forints (£1.5 billion).

The company said it agreed non-binding terms with Hungary-based 4iG and Corvinus, a company owned by the Hungarian state, to create a locally-owned telecoms operator.

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