Alongside the purchase of One, in early December the same company, 4ig, announced that it had signed a definitive agreement to acquire the stake in ALBtelecom providing fixed and mobile communications services. Now approved, the 4ig will be part of a duopoly with Vodafone, which controls the rest of the market.
One is the second largest mobile phone company with more than 1.3 million customers and a turnover of over 68 million euros.
“With its telecom network renewed last year, ONE Telecommunications is an operator with strong growth potential and will fit well into our Western Balkan telecom portfolio once the acquisition is finalised. We are proud that with the acquisition of ONE Telecommunications and ALBtelecom, 4iG Group becomes one of the largest investors in Albania and the largest player in the Albanian telecommunications market. We came to the country as a professional investor with a long-term vision to be present in the country, providing high quality services to residential and commercial customers,” said Gellért Jászai, Chairman and CEO of 4iG, after the announcement.4ig is owned by Gellért Jászaim, who for years ran the business empire of billionaire Lőrinc Mészáros, a close friend of Prime Minister Viktor Orbán. Jászaim is also close to the government and his companies have a long history of providing services under lucrative government contracts. One of his companies, T-Systems, was under investigation by Hungarian prosecutors over several such secret contracts.