MTS To Invest USD 500 Mn In UMC In 2005

According to MTS president Vasiliy Sidorov, the company intends to invest USD 500 mn in 2005 in the development of UMC, Ukraine?s major mobile operator network. Concorde Capital: A month ago, Telenor’s Vice President announced a USD 500 mn investment program for Kyivstar. Thus, UMC’s investment program is a response to a move by its main competitor. This is evidence that UMC plays the role of a ?follower? in the oligopoly game. The strategy gives the company a competitive advantage in terms of knowledge of what its competitor has accomplished.