IPNet to absorb several Kiev operators before expanding to other regions

6 Sep 2013

Ukrainian ISP and IPTV provider IPNet plans to buy up several other Kiev-based regional broadband operators to at-least double its subscriber base before embarking on a network expansion to other regions of the country, its director Dmitry Grischuk told Ukrainian newspaper Capital. To fund acquisitions in the near-term IPNet has opened a line of credit from its Russian shareholder – the fund UFG Private Equity – under a two-stage plan, the second phase of which sees the ISP considering opening offices in Kharkiv, Dnepropetrovsk, Donetsk, Lviv and other cities. IPNet has made two recent acquisitions: SkyNet (snet.com.ua), an ISP covering the Kiev district of Troeshchina, and ‘MG Home’ with a presence in Kharkiv. According to a notice on SkyNet’s website, the absorption of all existing subscribers of SkyNet into IPNet happened on 19 August 2013. According to the Capital report, IPNet is currently considering acquiring several other specific ISPs in the Kiev area.

IPNet (registered as Industrial Media Network), established in 2001, provides IPTV with around 130 channels plus broadband internet connections with speeds of up to 1Gbps in the Kiev districts of Obolon, Darnitskiy and Desnyansky, with at least 20,000 homes connected to its direct fibre network. It offers bundled IPTV/fibre internet packages, plus a free telephone connection.

Ukraine, IPNet