French company buys Lifecell for $500 million
French billionaire Xavier Niel says his investment company NJJ Capital has agreed to pay $500 million for Turkcell’s Iletisim Hizmetleri AS unit in Ukraine.
This was reported by Bloomberg
Niel said the deal price was cheap compared to the profits of Ukrainian telecom operator Lifecell.
The deal will give NJJ Capital control over Lifecell LLC, Global Bilgi LLC and Ukrtower LLC. Niel said that the deal is currently pending regulatory reviews, including the Ukrainian Antimonopoly Committee.
For reference: NJJ Capital is owned by French billionaire Xavier Niel, who is also a co-owner of Le Monde newspaper and the owner of several telecommunications companies, including Monaco Telecom, Salt Mobile SA, and Iliad, which owns Play mobile operator in Poland.
Turkish telecommunications holding Turkcell has announced the sale of Ukrainian telecom operator Lifecell to French investment company NJJ Capital, owned by billionaire Xavier Niel.
