About a month ago it became known that lifecell, a Ukrainian telecom operator, would be sold to the French company NJJ Capital. The previously unannounced deal is worth $500 million. It was reported that French billionaire Xavier Niel and his investment company NJJ Capital were planning to acquire the company, whose share price at the time of the deal was UAH 12.7 billion ($333.4 million). ).
Sale of lifecell to the French company NJJ Capital
French company NJJ Capital buys Ukrainian telecom operator lifecell for $500 million
Xavier Niel , a famous French billionaire, said that his company NJJ Capital has agreed to pay $500 million to purchase the Ukrainian telecom operator lifecell. Currently, Xavier Niel is already active in the telecommunications sector in Poland, thanks to his company Iliad, which is the owner of the mobile operator Free. Niel believes that the large amount of communication traffic between Ukraine and Poland makes this deal profitable. He also noted that the price for which lifecell was acquired is considered low compared to its profit.
Agreement and Intent of NJJ Capital
Under the terms of the agreement, NJJ Capital will obtain control of three Ukrainian companies - Lifecell LLC, Global Bilgi LLC and Ukrtauer LLC. However, before the transaction is completed, it is necessary to undergo verification procedures by the Ukrainian antimonopoly authority. At the moment, according to Forbes, the Antimonopoly Committee (AMCU) has already received an application from NJJ Capital to acquire a controlling stake in Lifecell LLC, Global Bilgi LLC and Ukrtauer LLC through the group's DVL Telecom company.
Answers to questions
What company acquired the Ukrainian telecom operator lifecell?
The French company NJJ Capital acquired the Ukrainian telecom operator lifecell.
How much was the transaction value?
The deal amounted to $500 million.
Which companies are included in the deal ?
The deal includes Lifecell LLC, Global Bilgi LLC and Ukrtauer LLC.
Additional information
- Lifecell
- NJJ Capital
- Iliad
- Antimonopoly Committee
Ukrainian operator communications.
French investment company acquiring Ukrainian telecom operator lifecell.
Mobile operator in Poland, owned by Xavier Niel.
Ukrainian antimonopoly authority, which is reviewing the agreement to acquire lifecell.
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Discussion of the topic – lifecell sold to NJJ Capital for $500 million: unique details of the deal
Find out all the details about the sale of the Ukrainian telecom operator lifecell to the French company NJJ Capital for $500 million in an exclusive Bloomberg publication.
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