Vodafone Group CEO Nick Read said: "This combination with 4iG will allow Vodafone Hungary, which has a proud history of success and innovation in the country, to play a major role in the future growth and development of the sector. The combined entity will increase competition and have greater access to investment." The transaction is subject to completion of confirmatory due diligence, the parties entering into binding transaction documentation and obtaining regulatory approval. The parties are targeting completion by the end of 2022. Vodafone's shared services business in Hungary – VOIS – is not part of the transaction. VOIS will continue to provide services to Vodafone's other operating companies.