Slim picks Volia as takeover target, sources say

8 May 2018

Mexican media and telecoms tycoon Carlos Slim has targeted Ukraine’s leading cable network operator Volia as an acquisition prospect, according to two anonymous industry sources cited by Liga.net. The report claims that negotiations are ongoing, putting Volia’s value at around USD112 million. Slim owns Latin American telecoms powerhouse America Movil and has gained a foothold in Europe – since 2014 controlling A1 Telekom Austria Group, with subsidiaries including Velcom (Belarus) via which the sources say due diligence on Volia is being carried out. Volia’s largest shareholder, Providence Equity Partners, is known to have been looking to exit the company since last year.

Ukraine, A1 Telekom Austria Group, Volia