Magyar Telekom to sell T-Systems HungaryJuly 10, 2019 08.54 Europe/London By Chris Dziadul Magyar Telekom has agreed to sell T-Systems Hungary to 4iG Plc.The transaction, announced on the homepage of the Budapest Stock Exchange (BÉT), may be closed later this year after the due diligence of T-Systems and obtaining the relevant regulatory approvals.Following the transaction, the financial details of which have not been released, 4iG will become the owner of both T-Systems Hungary and its subsidiaries. Although the parties have agreed on the most important terms of the transaction, full details will be worked out in the next few months.The transaction does not include the small and medium enterprise segment sales business of T-Systems, which will be reorganised into Magyar Telekom, prior to signing the final sales agreement. After closing the sales process, 4iG and Magyar Telekom will enter into a long term partnership, since T-Systems will continue to sell Magyar Telekom