NEQSOL Holding, representing Azerbaijan's Bakcell, has completed its acquisition of Vodafone Ukraine from Russia's MTS.
The operator is the second largest in Ukraine. Financing for the deal was provided by a group of international funds and financial institutions led by J.P. Morgan and Raiffeisen Bank International A.G.
“With the acquisition of one of the most successful companies in Ukraine, we pursue our strategy of international expansion. As a strategic investor we have a long-term vision and will contribute to further development of the company,” said Nasib Hasanov, founder and sole owner of NEQSOL Holding group of companies.
The change of owner will not affect Vodafone Ukraine’s operations. The Company will continue providing services under the brand of Vodafone and deliver on all its commitments to its employees, clients and partners.