AzIn Telecom may purchase Vodafone Ukraine
  • ECONOMY

  • 18:36 17 July 2019

AzIn Telecom may purchase Vodafone Ukraine

AzIn Telecom LLC operating under the Ministry of Transport, Communication and High Technologies aims to purchase mobile communication operator Vodafone Ukraine, ONA reports citing the Ukrainian Liga.net portal.

AzIn Telecom has finished the assets checking process. The deal will worth $700 million, however, according to experts, the purchase of Vodafone Ukraine can cost 1,2 – 1,3 to AzIn Telecom.

Note that Vodafone Ukraine currently serves for 19,7 million subscribers. The net profit of the company amounted to 1,8 billion grivna (appr. $70 million), revenues will worth 12,8 billion grivna ($495 million). The company is a part of the MTS Group.

Faig Mahmudov

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