NEQSOL Holding group of companies announces signing of agreement by its controlled company for acquisition of Vodafone Ukraine

On the 25th of November 2019 MTS PJSC and Telco Solutions and Investments LLC controlled by telecommunications company Bakcell LLC, which is a part of NEQSOL Holding international group of companies, signed a binding agreement according to which Telco Solutions and Investments LLC will acquire Vodafone UA from MTS.

Change of ownership will not affect the company's operations, the provision of services to customers, interaction with partners, suppliers and contractors. The company continues to provide services under the Vodafone brand. All tariff plans, services and products, as well as contracts and other obligations of the company remain in place and continue to apply.

About NEQSOL Holding group of companies 

The main areas of business operations of NEQSOL Holding group of companies include oil and gas, telecommunications, hi-tech, and construction industries. The group of companies operates in the UK, the USA, Turkey, Azerbaijan, Kazakhstan, UAE, Bangladesh and more.

The group started from the oil and gas industry in the early 1990s. Nowadays, the group includes the UK-registered Nobel Oil Services Limited and Nobel Oil E&P Limited (known under the trade name Nobel Upstream). Holding an interest in various oil and gas fields, Nobel Upstream with its HQ in London operates in the UK, the USA and Azerbaijan. Nobel Oil Services ’subsidiaries operate in different countries, including Azerbaijan, Turkey, Kazakhstan and Bangladesh. The group established joint ventures with such international companies as KCA Deutag, Wood Group and more.

In the early 2000s, the group expanded its business to telecommunications. Companies of the group provide mobile services, international transit and internet backbone connection, leased line services, data center services, etc. The group is investing in projects to create the Digital Silk Way between Europe and Asia.

In the early 2010s, the group entered the construction market. Norm is the largest cement manufacturer in the Caucasus. The group is investing in various high-tech startups and companies providing innovative solutions and services in different markets.

“With the acquisition of Vodafone Ukraine, the second largest telecommunications provider in the Ukrainian market, we continue rolling out our strategy of international expansion and entering new markets by companies of NEQSOL Holding group. Telecommunications are among our group’s priority businesses. Therefore, we are constantly investing in innovative and reliable telecommunications solutions ”,  says    Yusif Jabbarov, CEO of NEQSOL Holding.  . ”Vodafone Ukraine’s business situation, growth rate and effective performance ensure a reliable basis for further development. Therefore, we are ready to invest in order to implement innovations and advanced technology in Ukraine ”.