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Ukraine: Ukrtelekom enters mobile market Print E-mail
Thursday, 01 November 2007

Fixed-line operator Ukrtelekom is the sixth company to enter Ukraine’s mobile market.

Heorhy Dzekon, Ukrtelekom's CEO, said the company hopes to improve its capitalisation ahead of its planned privatisation. Authorities plan to privatise the state's 93% share in Ukrtelekom in 2008.

"It was vital to get into the market of mobile services, where income is now concentrated instead of its traditional activities," Dzekon said.

Ukrtelekom had originally planned to launch its 3G network in the second quarter. Its network now operates in Kiev and five other Ukrainian cities. Over US$ 150 million has been invested to build the network. The company plans to expand throughout the country in 2008.

Mobile competition is intense in Ukraine, which has 53.012 million subscribers recorded among 46.7 million residents. The three largest mobile operators are Kyivstar GSM, UMC and Astelit.

Source: Reuters - WDR/Intelecon Regulatory News.