Experts Expect Ukrtelecom’s IPO In 2014-2016

Experts expects Initial Public Offering of Ukrtelecom, the largest telecommunication company in Ukraine, on foreign exchanges in the 2014-2016 period.

“If the company takes the path of restructuring, which is probable, IPO would be rational in three years,” said Volodymyr Klymenko, director of the investment-banking department of the Socrat investment group.

Yehor Samusenko, an analyst of the Concorde Capital investment company, also expects IPO of Ukrtelecom no sooner than in three years. He noted that IPO is an alternative to the sale of the company to a strategic investor.

Viacheslav Ivanishyn, an analyst of the TASK Investment Group, sees as equal two options: IPO of Ukrtelecom (in three or five years) and sale of the company to a strategic investor.

Ivanishyn added that one of the companies that could not take part in the tender for restrictions of the privatization terms (such as Deutsche Telekom) can show interest in purchasing Ukrtelecom.

As Ukrainian News reported, the State Property Fund of Ukraine on March 11 sold 92.79% in Ukrtelecom to the ESU Company (Kyiv), a subsidiary of the Austrian Investment-Financial Consortium EPIC, for UAH 10.575 billion.

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