Datagroup, a leading national fibre infrastructure and digital services provider in Ukraine, is purchasing Volia, the country’s leading pay-TV and cable broadband service provider in the retail segment, with the financial backing of the European Bank for Reconstruction and Development (EBRD).

The EBRD is providing a local currency loan equivalent to $65 million to Datagroup, which is majority owned by a fund managed by Horizon Capital. This will primarily finance the acquisition of Volia to help build a stronger, more competitive telecommunications operator with improved quality of service and an expanded product range.