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Lifecell sold to French investment company: Details

Lifecell sold to French investment company: Details Lifecell sold to a French investment company (photo: Getty Images)

Turkish company Turkcell has announced the sale of the Ukrainian mobile operator Lifecell to the French investment company NJJ Capital, owned by billionaire Xavier Niel. The sale agreement was signed on December 29, according to the Turkish public disclosure platform.

It is stated that the nominal value of the company was 12.7 billion UAH. The transfer of assets has not been completed yet, and information about the deal will be fully disclosed to the public and in a timely manner.

As of the end of the third quarter of 2023, Lifecell had approximately 9.1 million active subscribers.

The owner of NJJ Capital is also a co-owner of Le Monde newspaper, owner of the communication operators Monaco Telecom, Salt Mobile, and Eir, as well as the French development company Unibail-Rodamco-Westfield.

Outage in Kyivstar

In the aftermath of a cyber attack on December 12, a significant technical disruption occurred in the operations of the telecommunications company Kyivstar in Ukraine. Users reported the absence of mobile communication, internet services, as well as issues with the operator's website and official app.

The outage in the mobile operator's services also led to various other problems, including disruptions in street lighting, the functioning of hotlines, terminals, ATMs, and public transportation payment systems.

Furthermore, reports indicated potential difficulties in the operation of certain services provided by Lifecell.