{
  "id": 4878271,
  "title": "VF Ukraine completes merger of internet providers Frinet, VEGA",
  "url": "https://urgent.news/2026/09/01/vf-ukraine-completes-merger-of-internet-providers-frinet-vega",
  "topic": "world",
  "section": "World",
  "published": "2026-09-01T15:02:09.000Z",
  "source": {
    "name": "Interfax-Ukraine",
    "slug": "interfax-ukraine",
    "url": "https://en.interfax.com.ua/news/economic/1197739.html"
  },
  "original_language": "en",
  "account": "On September 1, 2025, Frinet JSC and VEGA, both subsidiaries of VF Ukraine (Vodafone Ukraine), completed their merger. Frinet, a national broadband internet provider, was previously part of VF Ukraine since 2023. The merged entity will offer internet, TV, and fixed telephony services under the Vega or Vodafone brand, depending on the network. Frinet CEO stated that the company remains dedicated to delivering high-quality connections and speeds. In February 2025, Frinet restructured from an LLC to a joint-stock company, with an authorized capital of UAH 161.875 million and equity of UAH 262.816 million. However, the company experienced a 5.2% decline in revenue year-on-year, reaching UAH 223.23 million, and reported a net loss of UAH 0.76 million, compared to a net profit of UAH 25.43 million in the same period the previous year. Vodafone Ukraine acquired a 90.6% stake in Frinet's authorized capital in 2023 for UAH 746 million, which later increased to 100%. Frinet has been operating since 2008, utilizing FTTx technology with fiber-optic backbones to deliver up to 1 Gbps speeds to over 150,000 subscribers in various Ukrainian regions.",
  "summary": "Frinet JSC (O3 brand), a national broadband internet provider that has been part of VF Ukraine (Vodafone Ukraine brand), Ukraine's second-largest mobile operator, since 2023, is fully merging as of September 1 with fixed telephony, internet, and international voice and IP traffic provider Farlep-Invest PJSC (VEGA).",
  "key_points": [
    "Frinet and VEGA merged on September 1, 2025",
    "VF Ukraine acquired 100% stake in Frinet in 2023",
    "Merged entity offers internet, TV, and fixed telephony services"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}