Archive

Government plans to put Ukrtelecom for privatization in March

04.02.2009 | 16:06

The initial price is likely to make nearly $3 billion

The government plans to carry out privatization of Ukrtelecom OJSC as early as in March.

According to an UNIAN correspondent, Transport and Communication Minister of Ukraine Yosyp Vinsky said this to journalists on Wednesday.

“This is the stance of the Minister and the Prime Minister. All conditions of privatization are ready. As soon as they finally determine the person who will announce it [when the head of the State Property Fund of Ukraine is appointed - UNIAN], the process will kick off… Next week the announcement may be made, and in 75 days the procedure of auction will take place”, Y.Vinskiy said.

According to the Minister, the privatization of this object is currently real and possible. The initial price of the enterprise is likely to make nearly 25 billion hryvnias [~US $3.12 billion].

“My position is not less than 25 billion hryvnias. I guess an investor will appear who will buy Ukrtelecom at this price under these conditions”, he said.

UNIAN footnote. Ukrtelecom OJSC is one of the leading national communication operators. It is a monopolist at the market of fixed local communication, covering 80% of the market and more than 10 million subscribers.


If you notice a spelling error, please highlight it with your mouse and press Ctrl+Enter
Join our group
Partners news