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Volia cable operator is not for sale… yet |
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The largest Ukrainian cable operator Volia won’t change the owner in the near future, as Andriy Metel’skyi, CEO of the company, reported on November, 15. ‘The problem of Volia’s selling is not acute at the moment’, he said. ‘The company expects to go IPO in the nearest future’. Volia’s CEO also pointed out that all the matters relating to the company selling and going IPO fall exceptionally in the sphere of investors influence. ‘They may carry on any negotiations whenever they want, but we are not engaged in this, being just the management of the company’, said mister Metel’skyi. He said also that Volia is to go IPO in 2008. ‘We have been preparing it, we are preparing it now, and the preparatory stage is going to continue – until in 2008 we are at last on point of going IPO’, he reported. Mister Metel’skyi emphasized that he was referring to the Western stock exchange markets, but he didn’t mention which stock exchange markets he meant exactly. “To go IPO, the company has to be audited and estimated. That is what we are engaged in at the moment”, he said. Let’s mention that on 5 October Volia’s president Serhiy Boyko accused the Russian cable operators of making difficulties to the company going IPO. He said that they had been consciously spreading rumours about Volia being sold to the foreign media companies.
ZAO “Volia Kabel” is the largest Ukrainian cable operator. The part of the Ukrainian Growth Fund III investment fund belonging to the international company Sigma Bleyzer. The fund’s total sum amounts to $60 million. Serving about 450,000 analogue TV subscribers (ARPU — $4) and 130,000 digital TV subscribers (ARPU — $6), which make up 80% of the market. Technical limitations imply up to 18 channels. Company’s revenue in 2006 was $31,68 million, its net profit was $2,38 million.
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