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Providence invests $200m in Ukrainian cable TV and internet company Volia Cable04/12/2007. Source: AltAssets. 
 Media and communications-focused private equity firm Providence Equity Partners is investing over $200m in Ukrainian cable TV and internet provider Volia Cable, in the largest investment in the region by a Western private equity firm.
Voila is controlled by Eastern European private equity investor SigmaBleyzer.
Michael Bleyzer, president and CEO of SigmaBleyzer, said, 'SigmaBleyzer will continue to play an active role in the Ukrainian cable sector, and we look forward to Providence's support as we continue to grow Volia Cable as the leading cable and broadband provider in Ukraine. It is also our belief that attracting the highest quality global investors like Providence will have a positive effect on the Ukrainian economy and investment climate and will further promote Ukraine as an important investment destination.'
Providence CEO Jonathan M Nelson said, 'This is our seventh significant investment in this sector in Europe and our second in Eastern Europe, which is experiencing increasing demand for sophisticated television and broadband services.'
Providence specialises in equity investments in media, entertainment, communications and information companies. Significant investments have included Bresnan Broadband Holdings, Digiturk, Education Management Corporation, eircom, Freedom Communications, Kabel Deutschland, Metro-Goldwyn-Mayer, VoiceStream Wireless and Warner Music Group.
SigmaBleyzer manages funds and special purpose investment vehicles with approximately $1bn in commitments, investing in the Ukraine, Romania, Bulgaria and Kazakhstan.
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