TTK mulling Crimea entrance

25 Apr 2014

Russian fixed line operator TransTeleCom (TTK) is considering entering the newly-annexed Ukrainian peninsula of Crimea, but has warned that such a move is likely to cost as much as RUB1 billion (USD27.9 million) to implement. Speaking to RIA Novosti earlier this week, TTK president Artyom Kudryavtsev admitted: ‘Of course, it’s a new territory, a new market, we are interested in it. We are studying, valuing the possibility of laying a long-haul network’. If the board of directors approves the management’s proposal, the company will raise its existing RUB12 billion investment programme for 2014.

Russia, Ukraine, TransTeleCom (TTK)