Tihipko Favours Privatisation of Ukrtelecom

ukrtelecom-enVice Prime Minister for Economy Serhii Tihipko favours privatisation of Ukrtelecom, Ukraine’s largest telecommunications company, he has announced in an interview with Focus magazine.

“We have to sell Ukrtelecom,” Tihipko stressed.

The Vice Prime Minister notes, Ukrtelecom has recently lost almost half as much in its price.

He also thinks there is no need for the state to keep an enterprise which operates on the profit-making market and accumulates debts.

As Ukrainian News earlier reported, First Vice Prime Minister Andrii Kliuev in late June called untimely privatisation of Ukrtelecom.

Then Kliuev said this question for the next months would not be raised.

The State Property Fund considers impossible to fulfill the 2010 plan of privatization of state property (more than UAH 10 billion) without sale of the state’s stake in Ukrtelecom.

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