Ukrtelecom expanding coverage with ZTE credit

27 Mar 2018

Chinese vendor ZTE has provided Ukrainian fixed network operator Ukrtelecom with a loan of USD10 million to help support ongoing projects including expanding the coverage of the telco’s fibre-optic network, upgrading the local access network and other elements of infrastructure, reports, adding that the financing is available from June 2018. ‘This financial line will be used for projects with a payback period of no more than five years,’ said Ukrtelecom director Yuri Kurmaz.

Ukrtelecom – owned by Ukrainian conglomerate SCM Group – is currently under threat of re-nationalisation, having lost an appeal in December 2017 against a court decision ordering its return to state ownership without compensation, but the company says it is ‘operating as usual’ whilst it intends to continue its legal appeal in a higher court.

Ukraine, Ukrtelecom (incl. TriMob), ZTE