Mexican media and telecoms tycoon Carlos Slim has targeted Ukraine’s leading cable network operator Volia as an acquisition prospect, according to two anonymous industry sources cited by Liga.net. The report claims that negotiations are ongoing, putting Volia’s value at around USD112 million. Slim owns Latin American telecoms powerhouse America Movil and has gained a foothold in Europe – since 2014 controlling A1 Telekom Austria Group, with subsidiaries including Velcom (Belarus) via which the sources say due diligence on Volia is being carried out. Volia’s largest shareholder, Providence Equity Partners, is known to have been looking to exit the company since last year.
Have feedback, corrections, or story ideas? Send them to email@example.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