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Main Business — The Antimonopoly Committee of Ukraine has allowed the French billionaire Xavier Niel to acquire "Datagroup-Volia"

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The Antimonopoly Committee of Ukraine has allowed the French billionaire Xavier Niel to acquire "Datagroup-Volia"

08 Mar, 2024
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The Antimonopoly Committee of Ukraine has allowed the French billionaire Xavier Niel to acquire "Datagroup-Volia"

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On March 7th, the Antimonopoly Committee of Ukraine (AMCU) allowed DVL Telecom to acquire the Ukrainian fixed-line and digital services operator "Datagroup-Volia". This decision will enable the company, owned by French billionaire Xavier Niel, to gain control over Datagroup Holding Limited.

Additionally, the Committee approved the coordinated actions between NJJ UPAM, DVL Telecom, Lorimer II Ventures Limited, and a Ukrainian citizen, which involve refraining from competition for a period of 5 years.

Previously, the French investment company NJJ Capital, owned by Xavier Niel, agreed to purchase the Ukrainian subsidiaries of the Turkish operator Turkcell for $500 million. Niel noted that the price was low compared to the profits of the Ukrainian operator lifecell.

 

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Xavier Niel

 

"Datagroup-Volia" is one of the leaders in the telecommunications market in Ukraine. In 2021, "Datagroup" acquired 100% of Volia shares, a Ukrainian provider of paid television and cable internet.

NJJ Capital is an investment company founded in 2010 by French billionaire Xavier Niel, who is also the founder of the telecommunications group Iliad. NJJ Capital invests in various sectors, including telecommunications, media, and technology. The businessman also owns the newspaper Le Monde. Niel's wealth is estimated at $10.4 billion.

The Odessa Journal

The Odessa Journal

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