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SPF names candidates for Ukrtelecom privatization

SPF names candidates for Ukrtelecom privatization

10 February 2009

According to Dmytro Parfeneko, acting head of the State Property Fund, at least three international strategic investors have expressed interest in privatizing Ukrtelecom (UTEL): Deutsche Telekom, Turkcell and Magyar Telecom. According to Parfenenko, the preliminary starting price for the 67.8% stake in Ukrtelecom is UAH 7.5 bln (or a 125% premium to its current stock price on the PFTS).

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