The European Bank for Reconstruction and Development (EBRD) is providing a local currency loan equivalent to $65 million to Horizon Capital portfolio company Datagroup.
- 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.
This is the largest EBRD loan for Ukraine’s telecommunications, media, and technology sector.
Lenna Koszarny, Horizon Capital’s Founding Partner and Chief Executive Officer: “The success of Datagroup and Volia will serve to promote Ukraine’s investment attractiveness and ultimately bring more foreign direct investment to the country.”
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