SCM reportedly eyes Ukrtelecom stake

2 Oct 2012

Local newspaper Kommersant reports that the controlling shareholder of Ukrtelecom, the Austrian company Epic, is in talks with SCM Holding over the sale of a stake in the Ukrainian incumbent. SCM already owns fixed line operator Vega and has a 45.2% stake in the cellco Astelit, which provides services under the life:) brand name. In a phone interview with Bloomberg, SCM spokesman Anatoliy Yevtushenko said that the company is ‘aware’ of the possible sale of the Ukrtelecom stake but could not comment on ‘hypothetical deals’.

Ukraine, Lifecell (formerly Astelit), Ukrtelecom (incl. TriMob), Vega