The privatization process of Ukrtelecom will be launched in February or in March, Transport and Communication Minister Victor Bondar told.

“In my opinion, to drag out the privatization is groundless. The government made its presence felt and now it is time to prepare the company for the privatization. I think, the privatization should be held in the Krivorozhstal style – to gather investors and conduct auction. Let them compete,” said Bondar.

Bondar supposes that Ukraine may gain about $4 billion form Ukrtelecom sale.

He refuses to reveal the names of clients but hinted on some real purchasers form Europe, Russia and Ukraine. “I do not know who will win this titbit but Ukrtelecom is obviously serious rival for all domestic mobile operators,” concluded Bondar.


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