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Azerbaijani operator buys Vodafone Ukraine for $734 million

The acquisition of the company is mainly financed by resources from international financial institutions
12:21, 25 November 2019

Open source

Mobile operator Bakcell (Azerbaijan) has agreed to buy the mobile phone company “Vodafone Ukraine” (PrJSC "VF UKRAINE", formerly “MTS-Ukraine”, Kyiv), from a telecommunication company, “MTS”, for 734 million dollars.

This was stated in a message from NEQSOL Holding.

According to the report, the acquisition of the company in Ukraine is mainly financed by resources from international financial institutions.

Related: Smartphone instead of wallet: Ukrainians in love with mobile shopping

It is also noted that the change of ownership will not affect the operations of "Vodafone Ukraine", the company will continue to provide services under the brand of "Vodafone" and fulfill all obligations to employees, customers, and partners.

As we reported earlier, the National Commission for Communications Regulation and Information will put licenses for 5G frequency on the market in 2020.

“Today we had the meeting with the regulator. They saw the great perspective of this technology (5G). We hope, and it is their positions, that Ukraine will be able to put first licenses for 5G frequency on the market next year. This is the plan of the regulator and we support this plan a lot,” the report said.

Related: Ukraine in top five of countries enjoying cheapest mobile internet

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