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Weil Advises on Antenna Hungaria Sale to Hungarian State

ahrt.hu

Hungary
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The Hungarian office of Weil, Gotshal & Manges has advised on the sale of Antenna Hungaria's Acquisition by the Hungarian State.

The firm advised the TDF Group (TDF) of France on 100% stake sale of Antenna Hungaria to the National Infocommunications Services company (NISZ), a Hungarian state-owned company providing governmental information and telecommunication operations and services. The transaction was announced as closed in a June 2, 2014, press release of TDF, two months of the execution of the purchase contract. 

Antenna Hungaria is a major actor in the Hungarian telecommunications and broadcast sector. Its main activities include national terrestrial television, and radio broadcast network services, Pay TV programs distribution, hosting and maintenance services to telecommunication operators, and telecommunications solutions to corporates. The company has in the past years significantly developed its presence in the field of telecommunications; since 1998 the Group has been operating a National Transport Network, a high-speed, digital, microwave backbone network covering the entire territory of the country.

NISZ is a company of strategic importance for providing info-communication and telecommunication services for the state, which are effectuated through the parent company and its three subsidiaries: Kopint-Datorg, IdomSoft and Pro-M. Its largest customers are government bodies and institutions with statewide competencies. According to the TDF press release, NISZ aims to to meet the innovative requirements the Hungarian public sector faces, forming an integral part of the european integration.

The Weil team representing TDF Group in this matter included Budapest Managing Partner David Dederick, Senior Associates Annamaria Csenterics, Pal Szabo and Timea Bana, and Associate Daria Szabo.