Officially: MTS sells Vodafone Ukraine division for $ 734 million to Bakcell operator of Azerbaijan

Rumors about the sale of Vodafone Ukraine have been circulating for a long time, and now MTS has officially announced it.

What
Known

MTS entered into a deal with Telco Solutions andInvestments (“a subsidiary” of the Azerbaijani operator Bakcell, which is part of the international group of companies NEQSOL Holding) on ​​the sale of the Ukrainian telecommunications business.

As part of the agreement, Telco Solutions andInvestments becomes the owner of 100% of the shares of the Dutch company Preludium B.V. (owner of PrJSC “VF Ukraine”). The transaction amount is $734 million, including a deferred payment of $84 million. The transfer of shares will take place in the near future.

According to Vodafone Ukraine, the change of ownership is notwill affect the operator's activities. The company will continue to provide services under the Vodafone brand. All tariff plans, services, as well as contracts and other obligations are current and continue to apply.

Let us remind you that Vodafone Ukraine is one of the threelargest operators in Ukraine. According to the latest information, the company serves 19.7 million subscribers, and its net profit for 2018 amounted to UAH 1.8 billion.

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