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Starting Price for Ukrtelecom Auction Announced

Starting Price for Ukrtelecom Auction Announced

17 May 2008

According to our sources the State Property Fund (SPF) is about to announce the starting price at the auction for a 1% stake in Ukrtelecom (UTEL: HOLD) on May 22. The information we have received sets the starting price at USD 0.23 (UAH 1.15) per share. Earlier this week the SPF announced that it would hold a tender for a 1% stake in Ukrtelecom on May 22.

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