Azerbaijan’s Bakcell, which is buying Vodafone Ukraine, plans to invest $400 million in the mobile phone company

Azerbaijan’s Bakcell, which is buying Vodafone Ukraine, plans to invest $400 million in the mobile phone company, Davyd Arakhamia, secretary of the National Investment Council, writes on Facebook. “The new owners have already committed $400 million for development in Ukraine,” he writes. “Plus, the holding is considering a number of investment projects in the country.” Arakhamia, who also heads the majority Servant of the People faction in the Rada, adds, referring to MTS, the Russian seller: “A passive investor looking for exit has been replaced by an active one looking for expansion.”