IT company 4iG has completed the merger of its Albanian telecom units ALBtelecom and ONE Telecommunications to create ONE Albania.

Hungarian-based 4iG confirmed the merger of the two companies has taken effect since January 1, 2023.

As part of the deal, 4iG has revealed that the company will invest in 5G and fiber technologies in the year ahead, notes Comms Update.

ONE Albania is led by Emil Georgakiev, who told customers recently that the operator will "play a central role in IT services and the digitalization of society."

The merging of the two operators will provide competition for market leader Vodafone Albania, which has over two million customers in the country.

Founded as Freesoft in 1990, Budapest Stock Exchange-listed 4iG provides a number of IT services including software development, managed services, and cybersecurity, as well as data center and cloud management offerings. In the last year, the company has expanded into new areas, founding its own satellite firm and buying both local satellite and telecoms firms.

4iG last year acquired Vodafone's Hungarian operations.