The French investment company NJJ will be able to complete the acquisition of the Ukrainian mobile operator lifecell after the decision of the Kyiv Court of Appeal. Lifecell acquisition "Datagroup-Volya" services. However, the Committee previously did not allow the merger with lifecell due to the indirect participation in the operator's ownership of persons under sanctions in the USA, EU and Ukraine.
Resolution of the issue of sanctions
According to the statement of the management of "Datagroup-Volya", persons under sanctions will not receive any funds from the sale of lifecell to NJJ. The funds are likely to be used for investments in Turkey, in particular for paying off the debts of Turkcell, whose share was seized.
Merger of assets
NJJ plans to merge the acquired assets of lifecell and Datagroup -Volya" into a single company that will offer complex telecommunication services - mobile communications, fixed communications and the Internet. Mykhailo Shelemba, the current CEO of Datagroup-Volya, will head the combined platform, and Pierre Danon will remain the chairman of the supervisory board.
Investments in Ukraine
The agreement on the purchase of "Datagroup-Volia" and Lifecell will bring 1.5 billion dollars of investment in Ukraine.
Glossary
- NJJ is a French investment company, the buyer of Datagroup-Volya and lifecell.
- Lifecell is a Ukrainian mobile operator.
- Datagrup-Volya is a Ukrainian provider of telecommunications services.
- Mykhailo Fridman is a Russian businessman, one of the indirect owners of lifecell, is under sanctions in the USA, EU and Ukraine.
- Andriy Kosogov is a Russian businessman, an indirect owner of a share in lifecell.
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Discussion of the topic – The court allowed the Turkish Turkcell to purchase lifecell in Ukraine
2024-04-16
The Kyiv Court of Appeals upheld the appeal of the Turkish operator Turkcell, lifted the seizure of their shares in lifecell and its subsidiaries. Now the French investment fund NJJ will be able to complete the deal for the purchase of lifecell assets.
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Денис
Be that as it may, this is certainly positive news for the telecom market of Ukraine. Combining the capabilities of two leading operators can lead to improved service quality and innovation. 🚀
Марія
Yes, I support this deal. Foreign investments always benefit the development of the Ukrainian telecommunications market. With the combined company, we can expect converged services in the form of profitable package offers. 💻☎️
Франц
I am skeptical about this deal. Reducing the number of players in the market does not always benefit competition and consumers. Perhaps there will be an increase in prices and the monopolization of certain market segments. 😕
Михайло
I am pleased that the management of the future united company will be composed of experienced top managers of lifecell and Datagrup-Volya. This is the key to stable operation and successful integration of assets. 👍
Наталія
It is important that the funds from the sale of lifecell do not fall into the hands of sanctioned persons. Compliance with the sanctions regime is a priority for any business in Ukraine. 🇺🇦
Григорій
I wonder what new technologies and solutions the combined company will offer? 5G, the Internet of Things, convergent tariffs - there are many opportunities for development. I am waiting for innovation! 🆕
Ганс
I don't believe in these newfangled trends. A lot of money is spent on marketing and PR, and the service remains mediocre. All these are fictions to enrich top managers. 🙄
Ольга
I had experience using lifecell and Dattagroup services. I sincerely hope that the best qualities of both operators will be preserved in the new company - stable communication and fast Internet. 📶💻
Пауло
I hope that the deal will go through without problems, and we will soon see a new powerful telecom company on the Ukrainian market. Competition is the driving force of progress! 🔥
Ганна
I wonder if the lifecell and Volia brands will be renamed after the merger? Or will they create a new brand? I hope the rebranding process will be successful. 🆕️
Андрій
I like that company leaders are determined to invest and develop in Ukraine. Such a serious deal demonstrates the confidence of international investors in the Ukrainian market. 💪🇺🇦
Марта
Wondering how this deal will affect rates and package deals for subscribers? It is possible that more profitable options will appear, taking into account converged services. 💸
Роберто
We would like to believe that the combined company will be able to quickly deploy 5G networks and provide wide coverage throughout Ukraine. Our country needs new technologies! 🌐
Вікторія
After the merger, I hope to improve the quality of customer service. Sometimes I had to face the incompetence of the staff in the salons of the operators. 📞💬