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Turkcell buys rest of Ukraine's Life:) for USD 100 mln

2015-06-29 11:46:00| Telecompaper Headlines

(Telecompaper) Turkcell announced an agreement to buy the rest of Ukraine mobile operator Life:) for USD 100 million from its local partner SCM Holdings. Turkcell will buy the remaining 44.96 percent in the Netherlands-based holding company Euroasia owned by SCM. Euroasia owns 100 percent of Astelit, which operates under the Life:) brand in Ukraine. In addition to buying the rest of Astelit, Turkcell is settling Astelit's debts with SCM and providing a guarantee for up to USD 66 million in bank credit for Astelit. The acquisition of Astelit marks Turkcell's first major expansion abroad and the company said it will use Ukraine as a pilot operation for possible further expansion in the region. Life:) is the third-largest mobile operator in Ukraine, with around 10.3 million active customers at the end of March. Following its launch of 3G services earlier this month, it already has 2.3 million customers on the UMTS network. 

Tags: life rest usd buys

 

VIDEO: Key role of Ukraine's 'steel city'

2015-03-04 09:09:03| BBC News | Business | UK Edition

The BBC's Rupert Wingfield-Hayes reports from the steel works in Mariupol in south-eastern Ukraine, where the owner of the steelworks is supporting the Ukrainian government.

Tags: video city key role

 
 

Air traffic control tower at Ukraine's Donetsk International Airport collapses amid shelling

2015-01-14 01:00:00| Airport Technology

Russia-backed separatists have destroyed the air traffic control tower at Donetsk International Airport in Ukraine, which has been on the front line of continous conflict, even though a ceasefire was signed in September 2014.

Tags: international control air traffic

 

Tech sector leading Ukraine's revival

2014-11-25 01:19:00| BBC News | Business | UK Edition

How Ukraine's tech sector is look to Europe for a brighter future

Tags: tech leading sector revival

 

Artillery explosions continue to rock Ukraine's Donetsk Airport

2014-11-18 01:00:00| Airport Technology

Ukraine's Donetsk Airport was rocked by loud artillery and artillery fire on Monday, despite attempts to end the battle through the September peace truce.

Tags: continue rock airport explosions

 

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