SCM Adds More Pieces In Its Quest For A Telecommunications Empire

System Capital Management (SCM) which mainly focuses on the metallurgy and energy sectors, continues to branch out into the telecommunications sector. The company added stakes in mobile operator DCC/Astelit, and Ukraine’s third largest alternative fixed line operator Farlep, the holding also showed interest to the fourth largest fixed alternative operator DSC, and two CDMA providers which cover about 60% of the CDMA market in Ukraine. In addition to this the SCM is finalizing a deal with Optima Telecom, the largest fixed alternative fixed line operator.  Concorde Capital: If SCM is able to acquire all of these telecom companies, it will become powerful player in the sector, and offer sound competition to Ukrtelecom (UTEL: BUY) and the country’s major mobile operators. It is also possible that SCM will create a separate telecommunication holding and let it go public.