Hungary's government and 4iG group signed a deal to purchase respective stakes of 49% and 51% in British Vodafone's (VOD.L) Hungarian business for 660 billion forints ($1.79 billion), Minister for Economic Development Marton Nagy said on Monday.

Britain's Vodafone announced in August that it would sell its Hungarian business to local IT company 4iG and the Hungarian state, consolidating the hold of Prime Minister Viktor Orban's government over the telecoms sector. ($1 = 368.8600 forints) (Reporting by Krisztina Than)