Comstar Wants To Buy Ukrtelecom?
7 February 2008
TheCEO of Russian telecom company Comstar-UTS, Erik Franke, announced yesterday the company is interested in buying Ukrtelecom (UTEL: HOLD), while expressing concern about Ukraine’s uncertain plans to privatize the company. Alexander Paraschiy: Comstar has very ambitious expansion plans and the purchase of Uktelecom is in line with this. However, the State Property Fund is unlikely to privatize more than 43% of UTEL in the near future and buying small stakes will not be interesting for strategic investors if there is no hope that a controlling stake in UTEL will be privatized.
