Support The Moscow Times!

$1.3Bln for Ukrtelecom

Ukraine’s government will likely auction national operator Ukrtelecom on Dec. 28 after a decade of delays, the head of the state property fund said Tuesday.

The government approved the minimum price for its stake at 10.5 billion hryvna ($1.32 billion), Oleksandr Ryabchenko said in Kiev.

Ukraine owns almost 93 percent of Ukrtelecom and has been putting off the sale because of disputes among state agencies. The government, which seeks to raise at least 6.35 billion hryvna this year from state asset sales, had received 514 million hryvna from asset sales as of Sept. 23.

Rostelecom said Sept. 29 that it might take part in the auction.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.