Vodafone to sell Vodafone Hungary for $1.81 billion

Vodafone Group PLC said Monday that it has agreed to sell Vodafone Hungary to 4iG Public Ltd. and Corvinus Zrt for 1.7 billion euros ($1.81 billion), with the proceeds to be used for deleveraging.

The U.K.-based telecommunications company
VOD,
+1.61%
 
VOD,
-1.27%
said the deal is set to complete in January 2023.

Write to Kyle Morris at kyle.morris@dowjones.com