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CMS advises Vodafone Ukraine on Vega Telecom acquisition

9 September 2021

CMS Cameron McKenna Nabarro Olswang in Kyiv has advised leading mobile operator Vodafone Ukraine and its parent company, Neqsol Holding, on Vodafone Ukraine’s landmark acquisition of Vega Telecom from SCM Group. 

Vega Telecom provides integrated telecommunications solutions involving broadband access, fixed and IP telephony, cloud services, data transmission and storage services. The company, with a presence in 22 regions in Ukraine, has over 420,000 subscribers, approximately 150,000 internet users and 12,000km of fibre lines installed. 

The deal was signed in June 2021 and closed on 8 September 2021. The CMS team acted as lead deal counsel and advised on structuring and implementing the transaction, including preparing and negotiating the transaction documentation.    

Tetyana Dovgan, Corporate/M&A partner, said: “We are delighted to have assisted Vodafone Ukraine and Neqsol Holding on this strategic and high-profile deal to acquire Vega Telecom. Navigating the various complex issues and bringing the deal to a successful closing required much creative thinking and pragmatic solutions, and clearly demonstrates the strength of our M&A capabilities.”

The CMS team was led by Corporate/M&A partner Tetyana Dovgan, with invaluable support from Corporate/M&A senior associate Vitalii Mainarovych. Other key team members included Louise Cakar, Mariana Saienko, Ihor Pavliukov, and Denys Hatseniuk (Corporate), Viktoriia Stavchuk (Tax), Olga Belyakova and Nataliya Nakonechna (Competition).