Investment Intelligence provides up-to-date private equity information and news designed for entrepreneurs, private equity investors and corporate acquirors interested in Central & Eastern Europe.

Invitel Távközléski

TDC Sells Invitel Holdings to Mid Europa

Posted Fri, 02/10/2009 - 14:45

TDC, Denmark's leading provider of land-line phone access, has reached an agreement to sell its Hungarian unit Invitel to CEE investment firm Mid Europa Partners, who will purchase a controlling share for nearly € 7.4 million. In addition to the 64.6% stake in Invitel Holdings AS, Mid Europa has also agreed to take on all rights and obligations of an existing € 34.1 million subordinated PIK loan, and submit a tender offer for a € 125 million loan due in 2013.

Mid Europa Partners and GMT Communications exit Hungary's Invitel

Posted Tue, 09/01/2007 - 01:00

GMT Communications Partners, Mid Europa Partners and the senior management sold their share capital of Matel Holdings N.V., owner of Invitel Távközlési, Hungary’s second largest fixed line telecoms operator, to Hungarian Telephone & Cable Corp. (HTCC).