Edison Investment Research - 4iG (4IG) 4iG - Launch of CarpathiaSat joint venture

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Edison Investment Research

Richard Williamson

4iG - Launch of CarpathiaSat joint venture

4iG has announced a joint venture to launch and operate Hungary's first geostationary satellite for commercial, governmental and scientific research, CarpathiaSat Hungarian Space Telecommunications Corporation (CarpathiaSat). 4iG will own 51% of CarpathiaSat, with Antenna HungÃ¡ria, the state-owned telecoms and broadcasting company, owning 44% and New Space Industries, an investment vehicle, holding the remaining 5%. CarpathiaSat will have the right to operate geostationary satellites for a period of 20 years from 2024, following expiry of the current 20 year lease. The launch and operation of Hungaryâ€™s first satellite for broadcasting, internet and telephone services and data transmission broadens 4iGâ€™s footprint and progresses its strategy to become the leading IT services company in Hungary and CEE.

19/08/2020 2 EN

Underlying

4iG

4iG Nyrt, formerly Freesoft Szoftverfejleszto es Szamitatechnikai Szolgaltato Nyrt is a Hungary-based company engaged in providing software products and consultancy. The Company's activities include development and implementation of specific, custom-made software systems, document management, knowledge management, portal and collaboration applications, complex services for business needs in the areas of implementation, support and consultation, intranet- and Internet-based development, services, graphical and creative design, and consultation, design, development and implementation of mobile business applications, as well as operation, support, outsourcing, application service provision (ASP), application portfolio management (APM), hosting and other services. The Company has three subsidiaries: Axis Consuling 2000 Kft, BankSoft Kft and HUMANsoft Kft.

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HU0000071030 Hungary

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Richard Williamson

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4iG - Launch of CarpathiaSat joint venture

4IG: 2 directors

4iG - Executing at pace on its five-year plan

The Rear-View Mirror – EME markets: Polish WIG20 and Hungarian BUX add 11.4% in May, on higher volumes

International Public Partnerships - Consistently and responsibly delivering

Portobello SpA - Focus back on the operations

Intralot - Focus on business development in FY24

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