Volia Cable is the leading cable operator in the Ukraine (around 600,000 subscribers) and is present in the main cities (essentially Kiev and Lvov). It offers both digital TV and internet access (the number of subscribers has been multiplied by 10 since 2005).

Oisiw is the second-largest cable operator in Ukraine, and is mainly present in the principal provincial towns, with 550,000 subscribers. Both companies have enjoyed very strong development through acquisitions, with growth of more than 50% in both 2005 and 2006. T

he investment rationale lies in the strong growth of these two companies, which are positioned on a market with potential, as well as in opportunities to consolidate the local market. The migration from analogue TV to digital TV should also make it possible to increase the revenue per subscriber, by proposing a triple play offer (telephone + TV + Internet) as well as new, value-added services.

A partial sale of Volia to the Providence fund, which is specialised in telecoms, took place in December 2007This allowed Paris Orléans to recover 1.6M€.A merger between Volia and Oisiw should take place before a total sale or an IPO within the next 2-3 years.

Website: www.voliacable.com