EPIC: Acquisition of Ukrainian Telekom is arranged

CompaniesTelecoms ♦ Published: March 12, 2011; 03:13 ♦ (Vindobona)

The purchase of the Ukrainian Telekom company by the Viennese financial investor EPIC has been completed. The purchase price is € 946m.

EPIC: Acquisition of Ukrainian Telekom is arranged / Picture: © Vindobona.org

With the acquisition of UkrTelekom for € 946m, 92.79% of the largest Ukrainian telecommunications company is owned by the financial investor EPIC. Ukrtelekom is however considered a restructuring case.

The company employs 80,000 people and posted sales for € 730m last year, after € 740 in 2009. Ukrtelekom operates exclusively in the field of fixed telecommunications -…