“After becoming familiar with investor’s operational results and sales results of the project Volia, ACU confirms appropriateness of the decision”, – was noted in Committee press-release.

It was noted in the document, that ACU gave a permission to buy control stocks, taking into account an declarant information  and expert conclusions that creation of unified multifunctional cable network in Kiev will improve technical characteristics, network operating reliability and will open a way to modern service standards.

“Only for a half of the year after obtaining a permission, SigmaBleyzer, by cuting down expences and optimizing the management of operators of cable TV, could rise level of technical service, modernize and optimize range of services and avoid increase of cost”, - ACU stated.
 
According the Committee, “Mechanism of communication with abonents, optimized in the network of project Volia, should be paid high attention. It consists from system and high-tech approach to work of controller service. As a result, period of service and repair work was considerably shortened with simultaneous quality approval”.

As an example of positive result from concenration, ACU pointed to reduction of complaints from abonents about work of operators of cable TV.

Volia began operating in 2000; today, it provides cable analog TV (Volia Cable), digital TV (Volia Premium TV), and Internet access by cable networks (Volia Broadband). The structure of the company also includes two cable TV operators, Kievtelemontazh (KTM) and InterVideoKiev (IVK).

Volia has invested more than $30 million into telecommunications.

According to Volia, about 500,000 Kievers are its subscribers.

Volia is managed by the investment company SigmaBleyzer, which manages three funds – the Ukrainian Growth Funds (UGF). SigmaBleyzer invested $100 million in Ukraine. Among UGF investors are MerrillLynch, SBCWarbung, GoldmanSachs, INGBarings.