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EPIC sells Ukrtelecom to SCM for undisclosed sum
2013-06-05 17:01:00| Telecompaper Headlines
(Telecompaper) SCM, a company owned by Ukrainian businessman Rinat Akhmetov, has acquired fixed-line operator Ukrtelecom from Austrian investment firm EPIC for an undisclosed sum, reports Reuters. SCM is buying a 92.79 percent stake in Ukrtelecom, but declined to say how much it was paying. EPIC paid USD 1.3 billion for Ukrtelecom in 2011, and analysts expect SCM is paying a similar price. Ukrtelecom controls about 80 percent of Ukraine's fixed-line market and also holds the country's only 3G licence. SCM also owns another Ukrainian fixed-line operator, Vega, and holds a minority stake in mobile operator Astelit (Life:).
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Category:Telecommunications