---
title: Hungary sells 25% stake in Yettel - Developing Telecoms
description: Private equity firm PPF Group signed agreements to acquire a 25% stake in Yettel Hungary and 20% in infrastructure company CETIN Hungary, from Hungarian state-owned Corvinus International Investment. 
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   Details    Manny Pham    Category: [Regulation](https://developingtelecoms.com/telecom-business/telecom-regulation.html)     22 December 2023     41842 views   

 

  ![Hungary sells 25% stake in Yettel](https://developingtelecoms.com/images/stories/Places/800x600/Budapest_dusk_600.jpg)  

 

Private equity firm PPF Group signed agreements to acquire a 25% stake in Yettel Hungary and 20% in infrastructure company CETIN Hungary, from Hungarian state-owned Corvinus International Investment.

The Budapest Times reported the announcement was made by the Economic Development Ministry, and sale prices for each transaction was not disclosed. Corvinus also holds a 29.5% stake in Yettel rival Vodafone Hungary which it will continue to hold.

TeleGeography’s GlobalComms Database noted PPF group subsidiary PPF Telecom Group holds 75% of Yettel Hungary.

However, PPF Group agreed to sell a 50% and one share interest in its Central and Eastern European telecoms division (excluding the Czech Republic) to UAE-based e&, in a deal that is expected to close in or during Q1 2024.

This deal will give e& local majority stakes in PPF’s Bulgaria, Serbia and Slovakia divisions.

 

 

   
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