NEQSOL Holding completed the acquisition of Vodafone Ukraine, the second largest telecommunications company in the country. A group of international funds and financial institutions led by J.P. Morgan Securities and Raiffeisen Bank International provided the funds.
“With the acquisition of one of the most successful companies in Ukraine, we pursue our strategy of international expansion,” commented Nasib Hasanov, founder and sole owner of NEQSOL Holding group of companies. “I would like to thank all the involved parties contributed to making this deal possible. As a strategic investor, we have a long-term vision and will contribute to further development of the company.”
“We are pleased to be engaged in this landmark acquisition in Ukraine, which has brought significant foreign investment into the regional telecom sector,” added Puja Turner, Head of CEEMEA Loan Finance, at J.P. Morgan Securities.
The change of the 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.