Lozhkin targets takeover of Volia, other broadband/TV players

23 Oct 2017

Ukrainian media tycoon and politician Boris Lozhkin is planning a takeover bid for the country’s largest cableco Volia as well as other broadband and pay-TV operators, BizLiga reports. According to unnamed telecoms management sources, Lozhkin’s investment company is conducting due diligence and is aiming to pay between USD100 million and USD150 million for 100% of the cable TV and internet provider, although several industry estimates put Volia’s value at above USD200 million. According to the sources, Volia’s largest shareholder Providence Equity Partners (34.9%) is looking to exit the company, whilst Lozhkin is also reportedly in discussions with several smaller operators including Triolan, Fregat, Tenet and Freenet (O3), with the idea of merging them with Volia to create a stronger national competitor to the largest fixed network operator Ukrtelecom.

In 2013 Lozhkin sold his media group UMH (established in 2000) to the VETEK group. In 2014-2016 Lozhkin served as head of the Presidential Administration of Ukraine, tasked with implementing public institution reforms and anti-corruption measures, and in August 2016 he was appointed Secretary of the National Investment Council and freelance adviser to the President. In June 2017 it was disclosed that Lozhkin and former infrastructure minister Andrei Pivovarsky had formed a new investment company, and in September Pivovarsky told BizLiga that ‘an analysis of various business areas’ was ongoing (involving meeting with ‘many’ companies) although ‘so far we are not ready to buy anything’.

Ukraine,Freenet (O3), Tenet, Triolan, Volia,



Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.