Breaking News

Tesco Falls as Much as 11.8% After Saying Profit Overstated
Tweet TWEET

Russia’s Rostelecom May Participate in Auction for Ukrtelecom

OAO Rostelecom, Russia’s dominant long-distance phone company, may take part in an auction to buy Ukrainian state-owned telephone company VAT Ukrtelecom, according to a spokesman at Rostelecom.

Rostelecom will “study carefully the terms of the sale of Ukrtelecom proposed by the government of Ukraine,” said Oleg Rumyantsev in answer to e-mailed questions from Bloomberg News.

Ukraine’s State Property Fund has yet to set a date for the auction. Prime Minister Mykola Azarov said yesterday the government aims to sell the company by the year-end.

Billionaire Rinat Akhmetov, Ukraine’s richest man, is also interested in acquiring Ukrtelecom, Delo newspaper reported today, without saying where it got the information.

To contact the reporter on this story: Kateryna Choursina in Kiev kchoursina@bloomberg.net Ekaterina Shatalova in Moscow at eshatalova@bloomberg.net

To contact the editor responsible for this story: Mark Sweetman at msweetman@bloomberg.net Claudia Carpenter at ccarpenter2@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.