Major breakthrough for 4iG in Montenegro
JULY 28, 2023 11.17 EUROPE/LONDON BY CHRIS DZIADUL

Hungary’s 4iG and the Government of Montenegro have mutually terminated their inherited litigations and confirmed their future strategic cooperation in a Memorandum of Understanding.

4iG entered the telco market of the Western Balkans as a strategic investor in 2021 with the acquisition of Telenor Montenegro, later rebranded ONE Montenegro. The dispute between the two parties stemmed from this transaction.

Commenting on the MoU, Dritan Abazovic, PM of Montenegro, said: “The signing of this agreement has brought immense satisfaction to both parties, but it’s particularly noteworthy that Montenegro stands to gain significant benefits from this collaboration. Simultaneously, the conditions created through this partnership will lead to a remarkable improvement in the quality of services provided to citizens, akin to those experienced within the European Union. The esteemed presence of 4iG in the region and the country promises to introduce cutting-edge technologies, elevate cyber security to new heights, and catalyse the digitalisation of public administration”.

Gellert Jaszai, chairman of 4iG Group, added: “The Memorandum of Understanding we have just signed is the first step of a long-term cooperation that can ensure an active role in Montenegro’s digital development and the resulting increase in economic and social competitiveness.

“Our competences and experience gained in the ICT sector can help us to provide a multi-level opportunity to accelerate digitalization in Montenegro, from IT solutions for public services to residential and business telecommunication services”.