VF Ukraine

Vodafone Ukraine (VFU), Ukraine’s second largest mobile operator, received permission from the Antimonopoly Committee of Ukraine (AMCU) to acquire control in a local fixed-line internet provider Freenet. According to AMCU, the acquisition will increase VFU’s share of the broadband internet market in the covered regions to 15-21%.

Vodafone Ukraine (VFU), Ukraine’s second largest mobile operator, reported 1Q23 revenues of $140m (flat q-o-q and -23% y-o-y), EBITDA of $78m (-2.1% q-o-q and -24% y-o-y) and net income of $28m (-40% q-o-q but +57% y-o-y). The EBITDA margin declined by 1.2pp q-o-q to 55.8%, with the net margin falling by 13.4pp q-o-q to 20.3% (yet +10% y-o-y).