In particular, AMCU has given its go-ahead to the Telenor Company (Norway) and Altimo Holdings and Investments Ltd. (British Virgin Islands) to obtain control over the mobile communications operators Kyivstar and VimpelCom (Russia).
According to the Antimonopoly Committee’s acting chairman Oleksandr Melnychenko, the committee decided that this deal would not result in monopolization of the market in the country after conducting a three-month investigation on the basis of the Ukrainian competition legislation and the European experience in analyzing such deals.
«Moreover, this investigation allowed uncovering of several issues involving distribution of radio frequencies that are not regulated by the legislation, and the committee has submitted a proposal regarding this to the Cabinet of Ministers,» Melnychenko said.
The Antimonopoly Committee also said that it was expecting technological progress on the market of mobile communications and an improvement in the quality of services provided by operators.
On 5 October 2009, Russia’s Altimo and Telenor reached agreement upon combining their holdings in Kyivstar GSM into a new joint cellular communications operator, VimpelCom Ltd. (Bermuda islands) to render integrated cellular communications services in Russia, Ukraine, and other members of the Commonwealth of Independent States, as well as in Georgia, Vietnam, Cambodia, and Laos.