A person checks his cell phone subsequent to a Vodafone emblem on the Cellular World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio Perez

BUDAPEST, Aug 23 (Reuters) – Hungary might finance the acquisition of a 49% stake within the Hungarian enterprise of Britain’s Vodafone from a mortgage, Prime Minister Viktor Orban’s chief of employees recommended on Tuesday.

When requested if the acquisition of the Vodafone stake price about 350 billion forints ($845.12 million) could be financed from a mortgage, Orban’s chief of employees Gergely Gulyas informed reporters:

“When the deal is signed, we’ll reveal the small print … however your assumption just isn’t removed from the fact.”

Vodafone introduced on Monday that it deliberate to promote its Hungarian enterprise for 715 billion forints in money to native IT firm 4iG and the Hungarian state.

The deal is anticipated to create Hungary’s second largest telecoms operator. 4iG will maintain a majority 51% stake with the state the rest, consolidating the maintain of Prime Minister Viktor Orban’s authorities over the telecoms sector. learn extra

($1 = 414.1400 forints)

Reporting by Anita Komuves; Modifying by Kirsten Donovan

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