The continued buy-out of Ukrainian Mobile Comm.

17 Jun 2003

Mobile TeleSystems (MTS), the largest mobile operator in Russia and Eastern and Central Europe, continues to increase its holding in Ukrainian Mobile Communications (UMC), following the USD87.57 million purchase of an additional 26% stake from Ukrtelecom. MTS’s ownership stake now stands at 83.7%. If MTS completes its take over plan, the remaining 16.3% of the company will be purchased at a later date from TDC. As of March 1 2003, UMC has been consolidated into the MTS financial and operating reports.

Ukraine,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share