4iG - Edison Group

4iG (BSE: 4IG)

Currency in HUF

Last close As at 27/09/2023

HUF855.00

▲ −8.00 (−0.93%)

Market capitalisation

HUF255,709m

Overview
Price performance
Financials
Research
Thematics

4iG is a regional ICT/telecoms group, based in Hungary and focused on two core areas: telecoms and infrastructure in Hungary and the West Balkans; and IT services, where it is the number one IT systems integrator in Hungary.

4iG is building a leading regional information and communication technology group. Its strategy is focused on three pillars: telecoms and infrastructure, IT services and satellites and space. The group is targeting market leadership in Hungary, with M&A driving an increasingly diversified footprint across the Western Balkans.

Latest Insights

TMT |
Update

05.09.23

4iG — Record results; integration plan well under way

TMT |
Flash note

22.03.23

4iG — Yettel stake swapped for 19.5% of Vodafone Hungary

TMT |
Update

07.03.23

4iG — Regional ICT group positioned for growth

TMT |
Flash note

02.02.23

4iG — Completion of Vodafone Hungary acquisition

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Sector

TMT

Equity Analyst

Katherine Thompson

Director

Key Management

Akos Horanyi

IR
Gellért Jászai

Chairman
Peter Fekete

CEO

Balance Sheet

Forecast net debt (HUFm)

N/A

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	0.7	30.7	22.3
Relative	2.4	16.9	(15.8)
52 week high/low	HUF869.0/HUF632.0

Financials

4iG’s H123 results reflect the inclusion of Vodafone Hungary (VH) since its acquisition on 31 January. Since then, 4iG has been working through its integration plan, which includes monetising the DIGI mobile network infrastructure and launching a strategic review to consider carve-out options and further asset optimisation (the scope is Hungarian fixed and Albanian/Montenegrin passive mobile infrastructure). After a multi-year series of telco and IT acquisitions in Hungary and the Western Balkans, 4iG is focused on realising revenue and cost synergies from the combined businesses.