Vodafone Ukraine reportedly seeking Vega takeover

18 Aug 2021

Interfax Ukraine reports that mobile operator Vodafone Ukraine plans to acquire more than 50% of the shares in fixed network provider Vega, according to an unnamed source who added that the relevant documents are currently being considered by the Antimonopoly Committee of Ukraine (AMCU). Neither party has yet commented on the potential merger deal.

TeleGeography’s GlobalComms Database notes that Vodafone Ukraine (registered as VF Ukraine) is the country’s second largest mobile operator by subscribers and is wholly owned by Azerbaijani cellco Bakcell, itself part of Azerbaijan-based oil/construction/telecom/tech conglomerate Neqsol, while Vega is a sister company of national fixed line operator Ukrtelecom under the ownership of domestic conglomerate System Capital Management (SCM), operating fixed voice, broadband, data and TV services via a network with a presence in 22 of Ukraine’s 25 oblasts (regions). Vega is currently focused on expanding gigabit GPON fibre broadband access in cities including Kyiv, Odessa, Dnipro and Lviv.

Ukraine, Vega (owned by Vodafone Ukraine), Vodafone Ukraine