French billionaire Xavier Niel’s investment company NJJ Capital will acquire two telecom businesses in Ukraine in what is set to be one of the largest acquisitions in the country’s history, bringing with it significant investment at a time when the war-torn country is struggling to attract foreign investors.
In a joint press release on April 8, NJJ said it had received regulatory approval in March from Ukraine’s antitrust regulator to acquire one of Ukraine’s largest fixed telecom and pay-TV providers Datagroup-Volia.
Following regulatory approval, the company is expected to acquire Turkish-owned Lifecell, Ukraine’s third-largest mobile operator, the press release said.
It was first reported in January that…
