CMS Advises Vodafone Ukraine on Vega Telecom Acquisition

CMS Advises Vodafone Ukraine on Vega Telecom Acquisition

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CMS has advised mobile operator Vodafone Ukraine and parent company Neqsol Holding on the acquisition of Vega Telecom from the SCM Group.

The deal was signed in June 2021 and closed in September 2021.

Vodafone Ukraine is a Ukrainian mobile operator providing a wide range of services, including 3G and 4G data transmission, mobile voice communications, messaging, fixed internet, and mobile TV to around 20 million subscribers.

Vega Telecom, operating in 22 regions in Ukraine, with over 420,000 subscribers and 150,000 internet users, provides integrated telecommunications solutions involving broadband access, fixed and IP telephony, cloud services, data transmission, and storage services.

"We are delighted to have assisted Vodafone Ukraine and Neqsol Holding on this strategic and high-profile deal to acquire Vega Telecom," commented CMS Partner Tetyana Dovgan. "Navigating the various complex issues and bringing the deal to a successful closing required much creative thinking and pragmatic solutions."

The CMS team was led by Dovgan and included Partner Olga Belyakova, Senior Associates Vitalii Mainarovych, Louise Cakar, Mariana Saienko, Viktoriia Stavchuk, and Nataliya Nakonechna, Associate Ihor Pavliukov, and Lawyer Denys Hatseniuk.