EBRD provides $65 mln loan in hryvna-equivalent to support Datagroup-Volia merger 2 min read The European Bank for Reconstruction and Development (EBRD) is providing a local currency loan equivalent to $65 million to Datagroup, which is majority owned by a fund managed by Horizon Capital, the bank and the company said in joint press release issued on Monday. This will primarily finance the acquisition of Volia Group, the provider of telecom and content services (earlier Volia-Cable). "We are delighted to announce our cooperation with the EBRD resulting in the provision of $65million in financing. These funds will be invested in the business to support growth and development – the acquisition of Volia as well as full-scale network modernisation. This financing supports our development plans, ensuring our network is the most modern in the Ukrainian telecommunications market, bringing quality of services to a whole new level and ensuring we surpass customer expectations as their reliable partner. We believe this is just the beginning of a long-term collaboration with the EBRD and look forward to many opportunities and large-scale projects ahead," Datagroup Chief Executive Officer and shareholder Mykhailo Shelemba said.