Tag: "Ukrtelecom"

Ukrtelecom Selects Ukreximbank To Attract USD 25 Million

Ukrtelecom, the largest Ukrainian telecommunication company, has selected the Ukrainian Export-Import Bank (Ukreximbank) that ranks among the largest Ukrainian banks, to attract a loan of USD 25 million. The agreement was signed on February 25. As Ukrainian News earlier reported, Ukrtelecom, the largest telecommunications company in Ukraine, ended the period of October-December 2010 with losses of UAH 196.112 million. The company's net revenues decreased by UAH 222.42 million or 11.72% to UAH 1,675.283 million in the fourth quarter, compared with the corresponding period of 2009. Ukrtelecom ended 2010 with losses of UAH 258.757 million, having reduced net revenues by UAH 115.452 million or 1.68% to UAH 6,749.304 million compared with 2009. Ukrtelecom ended the period of July-September with losses of UAH 110.628 million, having decreased by UAH 1.394 million or 0.1% to UAH 1,671.558 million in the third quarter, compared with the corresponding period of 2009. The company ended 2009 at a loss of UAH 456.4 million. Its net revenues during this period increased by UAH 225.202 million or 3.39% to UAH 6,870.931 million, compared with 2008. Ukrtelecom has a 78.5% share of the fixed-line telephone market in Ukraine and provides services to 9.9 million subscribers.

Number Of Mobile-Telephone Operators’ Subscribers Down To 53.7 Million

In January, the number of subscribers of Ukrainian mobile-telephone operators fell by 0.6% or 0.32 million to 53.69 million. Ukrainian News has learned this from results of a research conducted by iKS-Consulting, a wording of which was made available to the agency. In particular, the combined number of subscribers to the services of Kyivstar and Beeline (Ukrainian Radiosystems and Golden Telecom companies) made up 24.33 million, the number of subscribers to MTS' services made up 18.21 million, and to the services of Astelit company (life:) brand) 9.02 million. The rest of subscribers belong to the biggest telecommunications company Ukrtelecom and three CDMA operators. As Ukrainian News earlier reported, in December 2010, the number of subscribers of Ukrainian mobile-telephone operators fell by 0.5% to 54.01 million.

Credit Suisse First Boston And Deutsche Bank Waive Claims For Ukrtelecom To Provide Early Debt Redemption Of USD 222.2 Million

International bank institutions Credit Suisse First Boston and Deutsche Bank have waived claims for Kyiv-based Ukrtelecom, the largest Ukrainian telecommunication company, to provide early redemption of debt of USD 222.22 million, chairman of the State Property Fund Oleksandr Riabchenko told the press. At the same time, Riabchenko added that claims of creditors were rather related to improvement of credit conditions than to obtain early redemption of the loan. Riabchenko also said that the amount of loan attracted in 2005 was USD 500 million, of which USD 222.222 million remain not repaid. As Ukrainian News earlier reported, in late 2010, the creditors demanded early redemption of USD 222.22 million expecting for reshuffling of Ukrtelecom's owner. Ukrtelecom has held talks with creditors and the latter mitigated terms of the credit. The State Property Fund is forecasting that an agreement on sale of 92.79% of the shares in the Ukrtelecom telecommunications company to the ESU company (Kyiv), which is a subsidiary of the EPIC investment and financial consortium (Austria) will be concluded by February 25 (inclusive).

Ukrtelecom Ends Q4 With Losses Of UAH 196.1 Million

Ukrtelecom, the largest telecommunications company in Ukraine, ended the period of October-December 2010 with losses of UAH 196.112 million. The company announced this in a statement, a text of which Ukrainian News has obtained. The company's net revenues decreased by UAH 222.42 million or 11.72% to UAH 1,675.283 million in the fourth quarter, compared with the corresponding period of 2009. Ukrtelecom ended 2010 with losses of UAH 258.757 million, having reduced net revenues by UAH 115.452 million or 1.68% to UAH 6,749.304 million compared with 2009. As Ukrainian News earlier reported, Ukrtelecom ended the period of July-September with losses of UAH 110.628 million, having decreased by UAH 1.394 million or 0.1% to UAH 1,671.558 million in the third quarter, compared with the corresponding period of 2009. The company ended 2009 at a loss of UAH 456.4 million. Its net revenues during this period increased by UAH 225.202 million or 3.39% to UAH 6,870.931 million, compared with 2008. Ukrtelecom has a 78.5% share of the fixed-line telephone market in Ukraine and provides services to 9.9 million subscribers.

EPIC: Agreement On Purchase Of 92.8% Of Ukrtelecom For UAH 10.6 Billion May Be Signed In March

The EPIC financial and investment company (Austria), the parent company of the Kyiv-based ESU company that submitted the only bid for 92.79% of the shares in the Ukrtelecom telecommunication company, has said that an agreement on purchase of 92.79% the shares in Ukrtelecom for UAH 10.575 billion may be signed in March this year. Peter Goldscheider, a managing partner at EPIC, announced this to Ukrainian News. According to him, the deal may be completed in May after the signing of an agreement. “Signing in March and completion of the deal in May if nothing unforeseeable happens,” Goldscheider said. According to him, ESU has already received an offer from the State Property Fund to buy Ukrtelecom for UAH 10.575 billion, and it plans to provide an official response to the State Property Fund by February 18. Goldscheider added that Ukrtelecom would be acquired partially with loans, but he did not state the amount of loans that the company intends to obtain. As Ukrainian News earlier reported, the State Property Fund proposed on February 11 that ESU acquire 92.79% of the shares in Ukrtelecom for UAH 10.575 billion. An expert valuation of the 92.79% stake determined that the value of the stake exceeds its starting price by UAH 75 million. In accordance with the requirements of the legislation, the State Property Fund has asked ESU to buy the 92.79% of the shares in the Ukrtelecom for this amount because it is the only bidder for the shares. The State Property Fund decided to conduct a valuation of the shares because ESU was the only bidder.

Ukrtelecom Cancels Hourly Accounting Of Local Phone Talks From March

Ukrtelecom, the largest Ukrainian telecommunication company, has cancelled hourly accounting of phone talks from March 1, the company said. Thus, from March 1, the subscriber's fee with hourly payment for local phone talks, paid by subscribers connected to analogue automatic telephone stations will be changed for fee without hourly payment for local talks in accordance with current ceiling tariffs for common telecommunication services. Thus, from March on, the subscribers will pay only fixed monthly fees despite length of local talks. As Ukrainian News earlier reported, Ukrtelecom ended 2009 at losses of UAH 456.426 million. The company's net revenues increased by UAH 225.202 million or 3.39% to UAH 6,870.931 million, compared with 2008. Ukrtelecom has a 78.5% share of the Ukrainian fixed-line telephony market and provides services to 9.9 million subscribers.

Ukrtelecom To Invest UAH 1.1 Billion Into Development Of Networks In 2011

Ukrtelecom, the largest Ukrainian telecommunication company, intends to invest UAH 1.11 billion into development of its networks in 2011, board chairman of the company Heorhii Dzekon told the Delo newspaper. According to the head of the company, 30-35% of the amount will be channeled for the development of mobile network. Dzekon added that in 2010, the company planned to invest similar amount, however, only a half could be used. He also said that in 2010, the company managed to increase the number of subscribers of broadband OGO Internet access by about 30% and as of early 2011, the number was 1.133 million users. Dzekon also said that major investments in 2011 will be channeled for development of Internet segment. As Ukrainian News earlier reported, Ukrtelecom ended 2009 at losses of UAH 456.426 million. The company's net revenues increased by UAH 225.202 million or 3.39% to UAH 6,870.931 million, compared with 2008. Ukrtelecom has a 78.5% share of the Ukrainian fixed-line telephony market and provides services to 9.9 million subscribers.

Ukrtelecom Aiming To Increase Number Of Subscribers To Its Mobile Communications Services By 69.5% To 1.1 Million In 2011

The Ukrtelecom telecommunications company is aiming to increase the number of subscribers to its mobile communications services by 438,900 or 69.5% to 1,070,000 in 2011. This is stated in the company's bond issue prospectus. The company also aims to the number of subscribers to its OHO broadband internet service by 249,000 or 22% to 1,383,000 . In addition, the company intends to increase the area of coverage of its mobile communications services and the capacity of its OHO broadband internet service. As Ukrainian News earlier reported, the number of subscribers to Ukrtelecom's mobile communications services increased by 33,100 or 5.5% to 631,110 in December. The number of subscribers to its OHO broadband internet service increased by 54,600 or 5.5% to 1.048 million in the period of July-September 2010, compared with the period of April-June. Ukrtelecom reported a loss of UAH 456.426 million for the year 2009, when its net revenues increased by UAH 225.202 million or 3.39% to UAH 6,870.931 million compared with 2008.

Ukrtelecom Intending To Place L Series Bonds For UAH 250 Million Before January 14, 2012

Ukrtelecom, Ukraine's largest telecommunication company, intends to place L Series bonds for UAH 250 million before January 14, 2012. Ukrainian News learned this from the offering circular of the said bonds. According to it, the securities will be placed from February 15 through January 13, 2012. Ukrtelecom has plans to issue 250,000 bonds of L Series with the face value of UAH 1,000 each. The yield of the bonds is 16.5%. No buy-back offer is envisaged. The period for redemption of the bonds will be from February 14, 2012, through February 17, 2012. The telecommunication company intends to use the funding to provide exploitation and enhance effectiveness of the existing telecommunication network, to construct a new infrastructure (including for the mobile communications of 3G standard). Also, the funds will be used to develop perspective services, including the broadband Internet access. The Troika Dialogue Ukraine Company is the underwriter of the issue. As Ukrainian News earlier reported, Ukrtelecom in December 2010 finalized the placement of J Series bonds for UAH 125 million. The telecommunication company finished 2009 with a loss of UAH 456.4 million, having booted net revenues by 3.39% or UAH 225.202 million over 2008, to UAH 6,870.931 million.

NCRC Finds Impossible Introduce Service Of Retaining Fixed-Line Telephony Number When Changing Operator In 2011

The National Communications Regulatory Commission finds it impossible to introduce a service of retaining fixed-line telephony number when user changing from one operator to another (FMNP service) in 2011, Commission Chairman Volodymyr Oliinyk has announced in an interview with Business magazine. "What concerns fixed-line telephony, nothing doing in 2011 because of 30% of Ukretelecom is serviced by analog exchanges not capable of providing these services," Commission Chairman said. Alongside with this he expressed hope for mobile carriers in 2011 to introduce the FMNP service. As to Oliinyk, this not the subscriber who has to pay for retaining the number, but the operator who gets a new client. He opines, the FMNP charges must not exceed 10% of the profits the carrier receives from a new subscriber. Oliinyk notes, the norm of absence of charges for the number retaining service for subscriber must be affixed in the rules of provision of the FMNP service. Alongside with this, in his words, the Communications Commission has already worked out the order of transfer of numbers and national roaming, as required by the amendments to the law on telecommunications, passed on July 1, 2010. Although Oliinyk stressed, the Communications Commission was not able to start technical realisation of this service because the Infrastructure Ministry had not yet aligned its normative legal acts with this law. As Ukrainian News earlier reported, according to the Communications Commission's draft order on transfer of numbers, carriers in 24 hours from the moment of receiving subscriber's application must ensure transfer of number, and fixed-line telephony operators within seven workdays. The Verkhovna Rada on July 1, 2010, voted for amendments to the law on telecommunications, thus providing users of mobile communications with the right to retain personal number when changing operators (as mobile, so as fixed-line). Ukrtelecom, Ukraine's biggest telecommunication company, renders services to more than 10.1 million users, occupying more than 78% of the fixed-line telephony market.