Kyivstar To Incorporate Storm And Raise Statutory Fund By UAH 350 Million To UAH 884.4 Million

The Kyivstar telecommunication operator has decided to incorporate Kyiv-based Storm limited liability company and respectively raise statutory fund by UAH 350 million to UAH 884.369 million, head of Kyivstar press service Yulia Shylina told the Ukrainian News agency.

Stockholders of the company took the decision on March 14.

As Ukrainian News earlier reported, On October 5, 2009, the Altimo company (Russia) and Telenor agreed to merge Kyivstar and VimpelCom to create a new cellular communications operator, VimpelCom Ltd. (Bermuda islands), to provide integrated cellular communications services in Russia, Ukraine, and other member-countries of the Commonwealth of Independent States, as well as in Georgia, Vietnam, Cambodia, and Laos.

Kyivstar and Beeline intend to complete their merger by 2014.

Leave a Reply

Your email address will not be published. Required fields are marked *