AMCU received a repeated application from a French company to purchase lifecell

The Antimonopoly Committee received repeated applications from the company DVL Telecom (Paris, France), which is part of the NJJ group, regarding the acquisition of a controlling stake in LLC “Lifecell”, in the international outsourcing contact center “Global Bilgi” and in the operator of cellular towers LLC “Ukrtower”.

AMCU reported this in response to the agency’s request “Interfax-Ukraine”.

“Repeated applications regarding the acquisition of control by DVL Telecom (Paris, France) – a business entity that is part of the NJJ group together with NJJ Capital, over Lifecell LLC, Global Bilgi LLC and Ukrtower LLC have been submitted to the committee January 23, 2024,” the deputy head of the Ukrainian Ukrainian Ukrainian Association of Ukraine – state representative Maksym Sandyga clarified to the agency.

It is noted that the committee analyzes these applications for compliance with established requirements. At the same time, the terms of consideration of applications for the issuance of a concentration permit are determined by Art. 27 of the Law “On Protection of Economic Competition”.

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In mid-January, the Antimonopoly Committee of Ukraine returned a statement to the French NJJ Capital due to non-compliance of the documents with the requirements.

As reported, on December 29, 2023, the Turkish company Turkcell signed an agreement on the transfer of 100% of the shares, as well as all rights and debts of Lifecell LLC (TM lifecell) – the third largest Ukrainian mobile operator, as well as the outsourcing company contact- centers of “Global Bilgi” LLC and the provider of tower rental services of “Ukrtower” LLC to the French investment company NJJ Capital.

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The board of directors decided to sign the contract on December 20, but on May 9 it decided not to disclose information about the possible agreement.

Turkcell clarified that the nominal price of shares of “Lifecell” – 12 billion 711.849 million UAH, “Global Bilgi” – 47.226 million UAH and “Ukrtower” – 1 billion 964.04 million UAH.

NJJ Capital belongs to French billionaire Xavier Niel, the founder of the French telecommunications group Iliad (the parent company of one of the country’s largest Internet providers – Free), whose fortune Bloomberg estimates at $6.08 billion.

Niel also has assets in the media, including a significant stake in Le Monde newspaper, engages in venture financing and founded the 42 technical school, on the basis of which the UNIT Factory in Kyiv’s UNIT City was launched.