Bakcell completes purchase of Vodafone Ukraine

Azerbaijani mobile operator Bakcell – part of the Neqsol group – has completed the USD734 million takeover of Vodafone Ukraine from Russia’s Mobile TeleSystems (MTS), which was agreed on 25 November. Neqsol Holding – wholly owned by Nasib Hasanov – announced the completion of the 100% share purchase of Vodafone Ukraine (registered as VF Ukraine) yesterday (3 December) via financing from a group of international banks and institutional investors led by JP Morgan Securities and Raiffeisen Bank International.
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Telia sells Azercell stake in gradual exit from Eurasia

Nordic telecom group Telia on Monday said it had sold its stake in Azerbaijan mobile operator Azercell, which it co-owns with Turkcell, part of a shift to focus on its main markets in Nordic and Baltic countries.
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