Communications Commission Issues Kyivstar Licence for Provision of Local Fixed-Line Telephony Services Until 2015

kyivstarThe National Communications Regulatory Commission issued Kyivstar mobile communication operator with a licence for provision of local fixed-line telephony services across Ukraine until 2015, reads the Commission’s resolution No.321 of July 22.

Numbering capacity of the network is more than 10,000 numbers.

The licence also gives right to engineering and operational maintenance of telecommunication networks, and chartering telecommunication channels.

As Ukrainian News earlier reported, Kyivstar recorded a profit of UAH 224 million for the first quarter of 2010, when its net revenues fell by UAH 0.317 billion or 10.97% to UAH 2.573 billion compared with the preceding quarter.

Kyivstar earned a profit of NOK 5.1 billion for 2009, when its net revenue fell by NOK 4.787 billion or 34.6% to NOK 9.047 billion against 2008.

On April 21, the Telenor telecommunications company (Norway) and the Altimo company (Russia) announced the completion of the merger of VimpelCom mobile telecommunications operator (Russia) and the Kyivstar mobile communication operator. Consequently, Kyivstar’s shares were automatically transferred to the newly created VimpelCom Ltd.

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