Ukraine’s largest cableco Volia has reported that at the end of December 2012 it had over 1.9 million cable TV and internet service subscribers in 29 cities, following a year in which it expanded by acquiring smaller regional networks. TeleGeography’s GlobalComms Database notes that the total subscriber figure was up from over 1.8 million cable-based subscriptions (with more than half a million in Kiev) including marginally over 500,000 cable broadband internet subscribers at the end of June 2012 (having crossed the half-million mark that month), while internet customers taking a double-play bundle of TV and broadband reached nearly 80% at that date. Over the course of 2012 Volia claimed that its pay-TV market share in cities where it has a presence increased from 55% to 59%, while its internet share in cities covered reached ‘around 20%’. Volia’s 2012 revenue grew approximately 2% to around UAH1 billion (USD121 million), with EBITDA of roughly UAH400 million, while ARPU increased by 8.6% in 2012 due to restructuring of the subscriber base and increasing the proportion of richer content packages, as well as higher value internet packages. Volia stated that in 2013 it will continue to prioritise expansion through the acquisition of new assets, strengthening its presence in major regions, as well as investing in the development of services such as interactive TV. GlobalComms observes that Volia completed the previously agreed acquisition of multi-city cable operator Odek in the fourth quarter of 2012, increasing its presence from 20 to 29 cities, and passing around 3.5 million households with its cable network. In terms of basic TV subscriptions, Volia (including Odek) was reported to comfortably lead the pay-TV market at end-September 2012 with 1.38 million cable TV subscribers, ahead of nearest rival Triolan with roughly 400,000. In January 2013 Volia clarified previous speculation by disclosing that it has no current plans to float itself on the stock exchange via an initial public offering (IPO).