Epic clarifies no real change in Ukrtelecom ownership

21 Jan 2013

Austrian investment firm Epic has clarified reports of an ownership structure change at Ukrainian telco Ukrtelecom by disclosing that it is the 100% owner of new holding company UA Telecominvest (Cyprus), which on 16 January 2013 acquired 100% of the capital of Epic Services Ukraine (ESU) from the previous holding firm Epic Telecom Invest (Cyprus); therefore the Austrian investor remains the sole controller of ESU’s 92.79% stake in Ukrtelecom. As reported by Interfax-Ukraine, Epic stated that the change in shareholding structure was due to it optimising its holdings for ‘technical reasons’.

Ukraine, Ukrtelecom (incl. TriMob)