Thursday 16 June 2011

Ukrtelecom to sell off mobile arm

Ukrtelecom Set to Sell Its Mobile Business, Interfax Reports - Bloomberg

Bloomberg and other news sources are quoting Interfax Ukraine as a source claiming that Ukrtelecom have confirmed their intent to spin off the mobile side of their telecoms business.

Having trawled through the Interfax site the best reference we found is http://www.interfax.com.ua/eng/eco/70271/, being an article from June 2nd stating that the board would meet June 14th to discuss the move. To note there is no release on either Ukrtelecom's site or within Interfax Ukraine confirming the outcome of this meeting.

TeleGeography is quoting a local source valuing the sell off at USD 200 million.

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