4iG will become the owner of Invitech ICT Services after the company concluded a sales contract with ICT Services' owner, Cyprus-based Rotamona. The acquisition is a significant step in the implementation of 4iG's growth strategy in the telecommunications market, the company said. The transaction will close after obtaining clearance from the Hungarian Competition Authority (GVH).
4iG's sales contract with Rotamona for the acquisition of Invitech ICT Services also includes its subsidiary InviTechnokom.
With more than 600 employees and a history of two decades, Invitech is one of the largest companies in Hungary in the field of high-capacity optical backbone networks and wholesale services for market players. The company provides complex communication services to more than 5,000 corporate, institutional and wholesale customers. Its portfolio includes broadband business internet, data centre, IT security and cloud products, as well as voice and IT services.
Invitech's own optical network with 11 interconnection points and national coverage of 11,000 km is the second largest in Hungary. The company operates 23,000 end-user IT facilities, has five of its own data centers, and its infrastructure services are used by all domestic mobile service providers.
In 2020, Invitech generated sales revenue of HUF 24.8 billion and EBITDA of HUF 9 billion. Thanks to its significant in-house infrastructure and services, the company has stable growth prospects in the business and corporate segments, 4iG said.
The acquisition is an important step in the development of end-to-end services for 4iG. In the construction of the company's telecommunications portfolio, Invitech's optical backbone network and other data transmission products, as well as business communication services, will provide outstanding synergy and growth opportunities, 4iG said.
