The agreement on the purchase of "Datagroup-Volia" and Lifecell will bring $1.5 billion of investment to Ukraine
The acquisition of Datagroup-Volia and Lifecell companies by the French billionaire Xavier Niel involves the injection of 1.5 billion dollars of investments into Ukraine, in particular for the development of infrastructure and modernization of networks.
Billion-dollar investments
Large-scale deal
Mykhailo Shelemba, CEO of Datagroup, who is to head the newly created platform, announced that that the merger of the fixed Internet provider "Datagroup-Volia" and the mobile operator Lifecell will bring significant investments to Ukraine. The amount of investment from billionaire Xavier Niel will amount to 1.5 billion dollars.
Deal details
Investment company NJJ Holding owned by Xavier Niel, 8 announced plans to merge "Datagroup-Volia" and Lifecell in April. Regulatory approval for the acquisition of the company was received back in March 2024. They are currently awaiting the decision of the Antimonopoly Committee regarding the purchase of Lifecell, Global Bilgi and Ukrtauer from the Turkish company Turkcell.
Infrastructure development
According to Mykhailo Shelemba, the funds will be used to create new jobs, expand service coverage, modernize networks, acquire new frequencies for providing services on mobile market. It's the biggest deal of the decade and the biggest of the war, with the entire professional investment world watching.
Prospects of cooperation
Horizon Capital together with Mykhailo Shelemba will invest in the new platform "Datagroup-Volia-Lifecell" in order to retain a minority share and become a local partner of Xav' there is Niel in Ukraine. Shelemba plans to invest all his assets in the newly formed company and reinvest the savings, taking a significant minority stake.
Glossary
- Xavier Niel - French billionaire, founder and chairman of the investment company NJJ Holding.
- Datagrup-Volia - fixed internet provider in Ukraine.
- Lifecell is a mobile operator in Ukraine.
- The Antimonopoly Committee is a state body that monitors compliance with legislation on the protection of economic competition.
- Horizon Capital is a private investment company specializing in direct investments in companies with high growth potential.
Link
Save a link to this article
Discussion of the topic – The agreement on the purchase of "Datagroup-Volia" and Lifecell will bring $1.5 billion of investment to Ukraine
The agreement on the purchase of "Datagroup-Volia" and Lifecell will bring $1.5 billion of investment to Ukraine
Latest comments
14 comments
Write a comment
Your email address will not be published. Required fields are checked *
Oleksandr
📢 This is really exciting news! The merger of "Datagroup-Volia" and Lifecell can create a real giant in the field of telecommunications in Ukraine. I wonder how the combined company will use this huge investment? 💰 This can lead to significant improvements in infrastructure and network coverage.
Oksana
👍 Absolutely agree, Oleksandr! An investment of $1.5 billion is a colossal amount. Hopefully, the new company will focus on expanding the coverage of high-speed Internet for both fixed and mobile networks throughout the country. 🌐 Especially in rural areas and remote cities.
Mykola
🤔 Remind me who Xavier Niel is? I know he owns NJJ Holding, but does he have experience in telecom? I would not like it to be just an attempt to make a profit, and not to create a sustainable and reliable association.
Olena
😃 Of course, Mykola! Xavier Niel is a French billionaire entrepreneur who became famous thanks to the creation of the Internet and hosting provider Iliad. His company launched unlimited Internet access at low prices, which radically changed the market in France. So he has experience in this field!
Hryhorii
🤨 I am skeptical about this merger. As an old grunt, I've seen plenty of companies that promise to improve service and infrastructure, only to raise rates and improve their bottom lines. Hope the new player doesn't let the consumers down! 👎
Anna
🙌 Grigory, I understand your fears, but let's be optimistic! We all want better internet coverage and quality services. Huge investments offer hope for real change and innovation in the industry. I am ready to give them a chance! 💪
Petro
💻 One of the key questions: how does the new company plan to integrate and optimize the various technologies and networks of Volia and Lifecell? This can be a real challenge, but if they manage it, users will have a much better experience on all devices. 🤞
Maryna
🤑 Of course, investment will help develop infrastructure, but won't it lead to higher prices for consumers? I hope they will find a balance between modernization and accessibility of services for all segments of the population. An increase in tariffs can destroy all the advantages of the union! 🙅♀️
Yurii
👨💻 As a techie, I'm most interested in whether the combined company will invest in new technologies such as 5G and expanding fiber network capacity. This can significantly improve the speed and quality of the connection for all users. I hope they will be innovative! 🚀
Vira
💭 I still have some doubts about this operation. While the investment and promises sound attractive, I wonder if they will be able to effectively manage such a huge combined company. I hope they pay attention to customer experience and quality of service. 🤔
Serhii
🔭 I think we need to look more broadly and consider how this deal can affect the overall telecommunications landscape of Ukraine. This can stimulate competition and innovation, ultimately benefiting all consumers. I want to believe in positive changes! ✨
Iryna
🌍 I wonder if the new company's plans include expanding its international presence and partnerships? This can open up new opportunities for Ukrainian consumers and businesses, and will help integrate our country into the global digital economy. Big ambitions are good! 🚀
Dmytro
👍 This is what I will say: let this agreement be a catalyst for accelerating digital transformation in our country. Improved infrastructure and high-speed Internet will open new horizons for business, education and innovation. This is exactly what we need in our time! 🌐💡
Viktoriia
🤩 I am very glad that such big players decided to invest in our country! This shows that despite all the challenges, Ukraine remains an attractive market for international investments. This agreement is another step towards modernization and prosperity! 🇺🇦💪