Ukrtelecom cleared of tax evasion relating to UMC sale

22 Nov 2005

Ukraine’s Kyiv Arbitration Court has rejected claims by the State Tax Service that PTO Ukrtelecom owes the state more than UAH800 million (USD160 million) in unpaid taxes relating to the sale of its stake in Ukrainian Mobile Communications (UMC) to Mobile TeleSystems of Russia in 2003.

Ukraine, Ukrtelecom (incl. TriMob)