Datagroup has agreed to acquire 100 percent of Volia group of companies in Ukraine, with the full backing of Horizon Capital's EEGF II fund.
EEGF II is the sole financial investor in Datagroup with a 96.13 percent stake, alongside CEO Mykhailo Shelemba, who holds 3.87 percent.
“The fixed broadband market in Ukraine is extremely fragmented, with over 5,000 internet service providers operating in the country,” said Mykhailo Shelemba, CEO and shareholder of Datagroup. “This large fragmentation does not allow most players to maintain high investment levels necessary to continuously introduce new technologies for their customers, which is critical in this modern, digital world.”
Shelemba added, “Post-integration, the combined business is expected to generate revenues exceeding $130 million and over $50 million in EBITDA, with one of the lowest leverage ratios among large telecom companies in the CEE region. We hope that our example will pave the way for gre
