Australia’s Warana Capital Pty Ltd in 2018 became a minority shareholder of Volia Cable LLC (Kyiv).
According to data on the ownership structure posted on the provider’s website at the end of March of this year, in 2018 Warana Capital Pty Ltd acquired 5.6% of the shares in Volia. Among the new investors of the company is also OL Group Ltd (acquired 8.4%), registered in the Cayman Islands.
At the same time, Eton Park Master Fund Ltd (the Cayman Islands) sold its 5.9%, and Elq Investors II Ltd (London) sold 8.4%.
The press service of the company told Interfax-Ukraine on May 13 that the change of minority shareholders took place in the autumn of 2018.
The key investor of Volia is still the U.S.-based investment company Providence Equity Partners with 34.92%.
Large stakes are also held by SigmaBleyzer (the United States, 15.3%), and the European Bank for Reconstruction and Development (11.7%).
Warana Capital Pty Ltd (Sydney) is a subsidiary investment company of the American company Warana Capital LLC (New York), based in Australia.
Volia provider (Kyiv) expects that ARPU (average revenue per user per month) will increase by 25% in 2018 compared with 2017, to UAH 137, Volia CEO Gyorgy Zsembery has told Interfax-Ukraine. “Thanks to our focus on high-margin subscribers, this year I expect ARPU to be UAH 137. ARPU growth is expected to be 25% by the end of the year,” he said, not disclosing the company’s revenue forecasts.
Zsembery also said that the company plans to increase the share of interactive TV users in the total number of TV subscribers to 20% by the end of this year. At the end of the first half of the year, their share in the company was 16%.
According to him, over the past five years, Volia has invested UAH 2 billion in technology and content.
“This has worked. In the years when the market did not grow at all, we always had revenue growth – at least 10% starting from 2015. We believe in the Ukrainian market, so we will continue investing in those areas in which we are strong and competitive – into our digital content and telecommunications network,” he said.
Volia services around 2 million cable TV and Internet subscribers in 34 cities and towns of Ukraine. It is managed by Providence Equity Partners (34.92%), private international investment company SigmaBleyzer (15.3%) and the European Bank for Reconstruction and Development (EBRD, 11.7%).