Business news from Ukraine

ACQUISITION OF NORMATEK TO ALLOW VOLIA GROUP TO EXPAND ITS PRESENCE IN B2B SEGMENT

18 January , 2016  

KYIV. Jan 18 (Interfax-Ukraine) – The acquisition of Normatek company would allow Volia Group to expand its presence in the B2B (business to business) segment, Volia President Serhiy Boiko has told reporters.

He said that Normatek with the 10.5 GHz and 5.5 GHz radio frequencies range access licenses provided services to around 10 corporate clients and planned to enter the B2C (business-to-customer) market.

“We are the B2C market that this company missed. That’s why after holding negotiations with the owners we understood each other how to more efficiently use the opportunities opened with the licenses. For use this is the resolving of issues linked to B2B segment when we need to connect business center or clients to whom it is expensive to lay a cable. In this case we can use wireless solutions,” he said.

Boiko said that by March the company plans to design a business case how to earn larger funds compared to what they earned with 10 clients. At present, the company launched a pilot Wi-Fi hotspots downtown Kyiv, in particular, on the Sofiyska Square.

He said that investment in the acquisition of Normatek was up to UAH 5 million.

Boiko said that Volia Group could acquire more assets this year.

Volia Group is managed by SigmaBleyzer private international investment company and Providence Equity Partners fund.

Volia is a large provider on the cable television market and the market of broadband access to the Internet in Ukraine.